The experienced Chartered Accountants in Udaipur breaks it down. Discover how your income tax return will reveal overseas trips.
Information about your foreign travel expenses will be visible in your IT return.
Effect: Information about going abroad will be visible in the income tax return form of the taxpayer through TCS. This will allow monitoring. New TCS reporting rules for foreign travel in ITR form – top CA in Udaipur analyzes impact
Heading abroad? Best income tax consultant in Udaipur explains how TCS on foreign travel expenses means your trips will now show in IT returns. Rates vary from 0.5% to 20%