5% TCS + 5% GST is added to the total fee for International Editions (BHX or Bucketlist)

When you make a payment for our projects, and the destination of the project is outside India, in that case, you have to pay 5% TCS or tax-collected at the source.

In simple words,

Why?

This mandate is set by the central government of India and businesses like ours that take payments for services being offered outside India, we have to collect tax on the behalf of the government.

What does that mean?

It simply means we are collecting tax from you for the government. The TCS that you pay is then deposited by our company into the government’s account under your name. This means next time you are filing your Income Tax Returns, you can directly minus the TCS you’ve already paid from the income tax amount. Because you’ve already paid this tax to the government via us.

Am I eligible for any tax rebate?
You can keep the

• TCS paid can be adjusted against the tax payable when individuals who would have paid TCS file income tax returns (ITR) in India.
• Deductee can always check details in his Form 26AS. The credit of TCS collected will populate in Form 26AS.
  
  

Is TCS applicable at account level or PAN level? TCS is applicable at PAN level. The FEMA LRS limit maintenance, TCS charging and TCS reporting is consolidated at customer level i.e. at PAN level

In case of return of transactions post debit from the account, will the TCS get refunded back?
TCS will not be reversed once debited. Cardholder can approach for refund from tax authority through ITR or consult with tax advisor for refund/adjustment