Going to exchange counters at airports, trusting forex touts and buying from unreliable sources is now a thing of the past. Thomas Cook allows you to purchase foreign currency quickly anywhere in the world. In today’s online age, obtaining foreign currency has never been this easy and hassle-free. But we at Thomas Cook work tirelessly to ensure that doesn’t happen. Buying foreign exchange can sometimes be a significant hurdle in a foreign country, and it might just take the leisure out of your leisure trip. And it’s never easy to buy forex in a foreign country. And one of the services we provide is the procurement of foreign exchange for your travelling needs.įor travellers, getting hold of local currency is one of the first tasks to undertake if they want to have a smooth travelling experience. At Thomas Cook, we pride ourselves on sharing your anticipation and help you plan your travels effortlessly. And planning our travel is one of the most exciting aspects of travelling, because it allows us to imagine ourselves in these exotic locations and makes us feel giddy with anticipation. The non-refunded TCS will be reflected in the 26AS of the payer for claiming Income Tax credit. In the event of cancellation of services and refund of amount, Tax collected at source under section 206C(1G) of the Income Tax Act, 1961 shall not be refunded. (ii) Tax Collection at Source (TCS) at the rate of 20% will be levied under section 206C(1G)(b) of the Income Tax Act on all other remittances not covered in (i) above without any threshold limit in a financial year under the Liberalised Remittance Scheme of the Reserve Bank of India.The TCS collected will be reflected in the 26AS of the payer for claiming Income Tax credit. (i) Tax Collection at Source (TCS) at the rate of 0.5% or 5% as applicable will be levied under section 206C(1G)(b) of the Income Tax Act on remittance on account of Education purpose or Medical purpose, if the aggregate amount exceeds Rs.7,00,000 in a financial year under the Liberalized Remittance Scheme of the Reserve Bank of India. This blocked rate will be valid for 2 working days. You may block foreign currency by paying 2% of total transaction value.You can further add/edit travellers in preconfirmation page which can impact the total amount. This amount is calculated considering one traveller.
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