Onus of deducting TCS on standalone overseas hotel bookings should be on banks: MakeMyTrip

Onus of deducting TCS on standalone overseas hotel bookings should be on banks: MakeMyTrip MakeMyTrip Group Vice President-Taxation Tajinder Singh said, in case a tour package is booked from the e-commerce portal, the company will take an undertaking from its customers, on whether the total amount remitted abroad so far has exceeded the threshold of Rs 7 lakh in the fiscal year.

from Moneycontrol Business News https://ift.tt/fhluZWC
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