2. Whether the purchase of an international travel ticket or hotel accommodation on a standalone basis is a purchase of an overseas tour program package?
The overseas tour package is defined as to mean any tour package that offers a visit to a country or countries or territory or territories outside India and includes expenses for travel or hotel stay or boarding or lodging, or any other expenditure of a similar nature or in relation thereto.
It is clarified that the purchase of only an international travel ticket or the purchase of only hotel accommodation, by itself, is not covered within the definition of 'overseas tour program package'. To qualify as an 'overseas tour program package', the package should include at least two of the following:-
(i) International travel ticket,
(ii) Hotel accommodation (with or without food)/boarding/lodging,
(iii) Any other expenditure of a similar nature or in relation thereto
3. Since there are different TCS rates on LRS for the first six months and the next six months of the financial year 2023-24, whether the threshold of Rs 7 lakh, for the TCS to become applicable on LRS, applies separately for each six months?
No. The threshold of Rs 7 lakh, for the TCS to become applicable on LRS, applies for the full financial year. If this threshold has already been exhausted, all subsequent remittances under LRS, whether in the first half or in the second half, would be liable for TCS at the applicable rate.
4. Is there any option to enter multiple PAN while booking?
Yes, the Agent will have an option to enter multiple PAN of passengers in the booking page and mention the ratio of TCS apportionment.
5. Will TCS be an additional cost?
No, TCS is fully adjusted against the Income Tax liability of the passenger for the respective financial year, and it will not be an additional cost to the passenger.
6. Do I need to submit any proof or documents to Travel Designer India Pvt Limited, including its associates (Rezlive.com)?
Yes, we would require the proof of deposit of TCS along with the TCS certificate at the end of every quarter for the booking exceeding 7 lac. However, the travel agent is requested to ensure the ready availability of the TCS certificate along with any other documents as may be required from time to time.
7. Which PAN should be used while booking?
The PAN entered should be valid and operative. The PAN entered must belong to the traveller/ Corporate as applicable (not the PAN of the travel agent)
8. Whether PAN provided should be linked with Aadhaar?
As per the Government guideline the deadline to link PAN with Aadhaar was 30th June 2023, post which for any individual who has failed to link their PAN-Aadhaar, PAN has become inoperative. Hence, it is requested to ensure that the PAN is linked with Aadhaar
9. Should we take any declaration from the traveller?
Yes, you must obtain the following declaration from the traveller:
- Declaration from the traveller mentioning the quantum of LRS limit against his/her PAN used by the traveller during the current financial year
- Declaration from the traveller that the LRS limit against his/her PAN used by the traveller during the current financial year has not exceeded the limit of USD 250,000 or the limit approved by RBI.
- The declaration must be taken from the passenger whose PAN details are mentioned while booking that his LRS limit would be utilised for the travel of other passengers. This declaration would be applicable only in case of multiple travellers booked with a Single/ Multiple PAN
- Declaration from the corporate in case of corporate booking that the Corporate has authorised the Travel Agent to undertake the booking and the travellers are employees of the corporate for whom the expense would be borne by such corporate.