Tour Code: FIT/3203
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TCS Terms and Conditions
TCS Applicable on booking of Overseas Tour Package as per provisions of Section 206C(1G) of the Income Tax 1961
5% TCS on spends towards International Holiday Packages for cumulative spends (within or outside Flamingo Transworld Pvt Ltd) up to Rs 7 Lakhs in a financial year and
20% TCS for incremental spends beyond Rs. 7 Lakhs in the same Financial year
(Decleration to be submitted by the buyer of overseas tour program package to Flamingo Transworld Pvt Ltd)
The amount of TCS paid is non-refundable in case of cancellation of tour.
As per section 206CCA of Income Tax Act 1961, in case you have not filed your income tax returns for two preceding years; and the aggregate TDS and TCS of each tax year is INR 50,000 or more - On validating the PAN if it is found that you have not filed your Income Tax Returns for two preceding years and aggregate TCS and TCS exceeds INR 50,000, TCS @ 20% will be recovered from you or booking will get cancelled and cancellation charges will apply.
On validating PAN - AADHAR Seeding if found not Linked, TCS will be applicable on 10% & TCS Credit might not appear in Form 26 / AIS / TIS and TCS Certificates will not be available. Also Booking will get cancelled and Cancellation charges along with 10% TCS will apply.
Refer TCS on Overseas Tour Packages section on Terms & Conditions for more details.
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