Several Luxury Items, Including Watches, Sunglasses, Costing Above Rs 10 Lakh To Attract 1% Tax Collected At Source
Wednesday, 23 April 2025 () The notification shall take effect immediately. TCS, or Tax Collected at Source, is a tax payable by the seller but collected from the buyer.
The list released on April 22 includes watches, paintings, statues, antiques, coins, stamps, pots, helicopters, luxury handbags, sunglasses, shoes, expensive... DNA
Luxury goods exceeding Rs 10 lakh, including handbags, watches, art, and yachts, will now incur a 1% tax collected at source (TCS), effective from April 22. This... IndiaTimes
Wednesday, 23 April 2025 ()
