The rates keep changing with time and customers have the flexibility to easily sell or buy the forex exchangedepending on the Canadian Dollar rate that is prevalent in the market. The Canadian Dollar rate in India today keeps varying and is not fixated in nature. The exchange of Canadian Dollar across India is conveniently available. 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. The TCS collected will be reflected in the 26AS of the payer for claiming Income Tax credit. (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, if the aggregate amount exceeds Rs.7,00,000 in a financial year under the Liberalized Remittance Scheme of the Reserve Bank of India. (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.

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. 7,00,000 in a financial year for remittance out of India under the Liberalised Remittance Scheme of the Reserve Bank of India. Further TCS under section 206C(1G)(a) of the Income-tax Act, 1961 at the rate of 5% will be collected if the aggregate amount exceeds Rs. Tax Collection at Source (TCS) at the rate of 5% will be levied under section 206C(1G)(b) of the Income Tax Act on outbound tour services.

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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