Summary: The Indian government has expanded the scope of Tax Collected at Source (TCS) under Section 206C(1F) of the Income-tax Act, 1961, to include certain luxury goods. This provision, initially ...

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A custom built villa in Saint Lucia's popular Marigot Bay has been scheduled for sale at luxury auction on May 14, 2025. Platinum Luxury Auctions has announced the property known as Villa Susanna will ...

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

Whilst we view our 10% annualized return as a solid performance, we are still working on achieving our stated goal of a ...

The official list includes an array of items such as yachts, helicopters, home theatre systems, sunglasses, luxury fashion ...

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 (CBDT) has issued fresh guidelines to enforce the levy, which aims to plug tax leaks and ...

Luxury goods priced above ₹10 lakh now subject to 1% TCS, enhancing tax monitoring and financial transparency.

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

The Central Board of Direct Taxes (CBDT) has officially notified the list of luxury goods on which a 1 per cent Tax Collected ...

Sellers must collect and deposit TCS by the 7th of the following month, issue the buyer a TCS certificate, and file quarterly ...