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), operating under the finance ministry, has significantly broadened the ambit of tax ...

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

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

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 move is expected to help the tax authorities to trace the sale of such luxury goods and match it with the income tax ...

The Central Board of Direct Taxes has notified the new rules to bring into immediate effect the 1 per cent tax collected a ...

The Income Tax Department has notified the applicability of Tax Collected at Source (TCS) at the rate of 1% on the sale of ...

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 Income Tax Department has notified this change, which targets big-ticket items such as luxury handbags, wristwatches, ...

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