Several luxury items, including watches, sunglasses, costing above Rs 10 lakh to attract 1% Tax Collected at Source

Thursday, 24 April 2025 (3 weeks ago)

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Several Luxury Items, Including Watches, Sunglasses, Costing Above Rs 10 Lakh To Attract 1% Tax Collected At Source

The notification shall take effect immediately. TCS, or Tax Collected at Source, is a tax payable by the seller but collected from the buyer.
Zee News 3 weeks ago

Watches, paintings, statues, glasses, shoes, horses; tax to be levied on purchase of luxury items over Rs 10 lakh, check details

The list released on April 22 includes watches, paintings, statues, antiques, coins, stamps, pots, helicopters, luxury handbags, sunglasses, shoes, expensive...
DNA 3 weeks ago

Why many high-end luxury items are set to become costlier

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 3 weeks ago

Several luxury items, including watches, sunglasses, costing above Rs 10 lakh to attract 1% Tax Collected at Source

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Several Luxury Items, Including Watches, Sunglasses, Costing Above Rs 10 Lakh To Attract 1% Tax Collected At Source

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Why many high-end luxury items are set to become costlier