Foreign travel to get expensive from July 1 as tax collected at source to jump from 5% to 20%. This means if the air travel costs Rs 50,000, the corresponding TCS amount would be Rs 10,000, which is equivalent to 20% of the air travel cost. #travel #foreign #expense #tax #news #government #indianstartupnews Cre: Indian Startup News

The Indian government will make an equity infusion of Rs 300 crore in regional airline Alliance Air as it continues to face financial challenges. The airline, which was earlier part of Air India, is now owned by AI Assets Holding, a special-purpose vehicle formed by the central government. #allianceair #airline #company #government #investment #news #indianstartupnews Cre: Indian Startup News