Now the luxury shoppers need to shell out more for luxury purchases. The government recently announced a 1% Tax Collected at ...

The Tax Collected at Source (TCS) on notified luxury goods will be levied at 1% of the total sale consideration, i.e., the invoice value including GST and other charges.

From beach bars to fine dining, these 10 waterfront restaurants across Florida serve up unforgettable views, crave-worthy ...

Planning to treat yourself to a Cartier watch, a luxury handbag or a high-end home theatre system? You might want to factor ...

The Central government has introduced changes to the Income Tax Act, 1961, expanding the scope of the Tax Collected at Source ...

Luxury items priced over Rs 10 lakh, including wristwatches, handbags, shoes, sunglasses, art, paintings and home theater ...

Learn about the new 1% Tax Collected at Source (TCS) on luxury goods worth over ₹10 lakh, effective from April 22, 2025.

Starting April 22, 2025, the Income Tax Department will impose a 1% Tax Collected at Source (TCS) on luxury goods over Rs 10 ...

If you purchase any of the listed luxury items worth over Rs 10 lakh, the seller will collect 1 per cent TCS and deposit it ...

Viking Ocean Cruises and Seabourn Cruise Line are very different cruise providers, even though both fall into the luxury cruise category. Seabourn is considered an ultra-luxury brand with ...

The govt is broadening its tax base by implementing a 1% TCS on luxury items exceeding Rs 10 lakh, effective immediately.

Vide Finance (No. 2) Act, 2024, section 206C (1F) was amended to provide that TCS will also be levied on any other goods of ...