https://www.taxtmi.com/circulars?id=4918 Payments to hotels made in Indian currency obtained by conversion of foreign exchange brought into India through an authorised dealer by a travel agent on behalf of foreign tourists are deemed to have been made in foreign exchange and thus are exempt from expenditure-tax. Hotels need not collect or remit expenditure-tax on bills for such foreign tourists where payment will be made by the travel agent in converted foreign exchange, and the hotel's collection and monthly payment obligations do not apply in these cases. en-us Thu, 19 May 1988 00:00:00 +0530 Mon, 04 Aug 2008 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4918 Payments to hotels made in Indian currency obtained by conversion of foreign exchange brought into India through an authorised dealer by a travel agent on behalf of foreign tourists are deemed to have been made in foreign exchange and thus are exempt from expenditure-tax. Hotels need not collect or remit expenditure-tax on bills for such foreign tourists where payment will be made by the travel agent in converted foreign exchange, and the hotel's collection and monthly payment obligations do not apply in these cases. Circulars Income Tax Thu, 19 May 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4918