MakeMyTrip, an online travel service provider, believes that banks should be responsible for deducting Tax Collected at Source (TCS) when a person makes an overseas hotel booking using tour operators' e-commerce portals. MakeMyTrip group's VP-Taxation Tajinder Singh stated that the company will require customers to declare whether their total remittance abroad has exceeded Rs 7 lakh in the fiscal year. Currently, a 5% TCS is levied on all overseas tour packages, but from October 1, it will only be applicable to tour packages up to Rs 7 lakh, with a 20% rate for spending beyond the threshold.