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Luxury goods above ₹10 Lakh to attract 1% Tax Collected at Source from April 22
The seller collects tax at source from the buyer at a specified rate. The buyer can adjust the TCS against their total tax ...
Tax Collected at Source: These luxury goods above Rs 10 Lakh to attract 1% TCS starting April 2025
Luxury items priced over Rs 10 lakh will incur a 1% Tax Collected at Source (TCS) from April 22, 2025, aimed at enhancing ...
Luxury goods to attract 1% TCS: Government tightens tax net on high-value purchases over Rs 10 lakh
The Central Board of Direct Taxes on April 22 has notified a list of 10 items where, if their value exceeds ₹10 lakh, there ...
Watches, art, bags, sportswear over Rs 10 lakh? Say hello to 1% TCS
If you're planning a big-ticket luxury buy, check if it falls under the new TCS list. Keep the invoice, PAN details, and TCS ...
IndiaFilings10h
CBDT Announces 1% TCS on Luxury Goods Above ₹10 Lakh
Learn about the new 1% Tax Collected at Source (TCS) on luxury goods worth over ₹10 lakh, effective from April 22, 2025.
Luxury goods including handbags priced above Rs 10 lakh to attract 1% Tax Collected at Source
Although luxury goods sector may undergo some transitional challenges, this measure is expected to promote formalisation and ...
Rediff Money1d
Luxury Goods Above Rs 10 Lakh Attract 1% TCS
India introduces 1% Tax Collected at Source (TCS) on luxury goods priced over Rs 10 lakh, effective April 22, 2025. The move aims to monitor high-value spending and enhance transparency in the luxury ...