The Central Board of Direct Taxes (CBDT) has issued a notification bringing into immediate effect a 1% tax collected at ...

The Central Board of Direct Taxes has notified the new rules to bring into immediate effect the 1 per cent tax collected at source (TCS) on luxury goods that cost over Rs 10 lakh, such as wrist ...

The Central Board of Direct Taxes (CBDT), operating under the finance ministry, has significantly broadened the ambit of tax ...

The fight’s getting dirty between the proponents and opponents to a couple of ballot measures that will be decided by ...

The Central Board of Direct Taxes (CBDT) has issued fresh guidelines to enforce the levy, which aims to plug tax leaks and ...

The TCS provision for luxury goods was introduced via Finance Act, 2024, as part of the Budget presented in July 2024 ...

The introduction of this TCS on these particular high-value goods signifies a move by the tax authorities to monitor and collect tax at the point of sale for certain categories of transactions, ...

Handbags, wrist watches, footwear and sportswear, priced above Rs 10 lakh will now attract 1 per cent Tax Collected at Source (TCS), as per a notification issued by the Income Tax department. TCS at 1 ...

The obligation to collect TCS shall be on the seller in respect of the notified goods.

Handbags, wrist watches, footwear and sportswear, priced above Rs 10 lakh will now attract 1 per cent Tax Collected at Source ...

The Income Tax Department has issued a notification stating that 1% TCS will be imposed on sale of certain luxury goods ...

High-value wrist watches, art pieces, collectibles, and home theatres are some of the items that will attract 1% TCS if the ...