Ahead of the Union Budget 2021, the apex body of travel agents – Travel Agents Association of India (TAAI) – has suggested that the government outlay plans to enhance and boost travel and tourism by ensuring adequate support in ease of growing the industry. According to TAAI, Budget 2021 should allow leave travel concession (LTC) benefits, which could not be utilised owing to the pandemic, to be carried forward over the next two years. It also stated that it expects the government to fully exempt income tax for two years for all expenses made for travel, tourism, MICE (meetings, incentives, conferencing and exhibitions), adventure, domestic and religious travel, by the taxpayer.
In its recommendation to the ministry, TAAI stated…