A number of industry bodies in India, including the Internet and Mobile Association of India (IAMAI) and Ficci, are seeking relief for local travel agents over tax treatment of international holiday packages. A letter to the finance minister and Reserve Bank of India requested parity for tax collected at source (TCS) across payment modes and holiday packages. The Indian government recently increased payment taken for international holiday packages and clarified to exclude international credit and debit cards up to INR7 lakh ($10,400) from liberated remittance scheme limits, meaning that direct bookings with foreign companies won't be affected but those through Indian travel agents will.
