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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 ...
Luxury goods above Rs 10 lakh will now attract 1% TCS, says I-T dept
Luxury goods like handbags, wrist watches, footwear and sportswear, priced above Rs 10 lakh will now attract a 1 per cent 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 ...
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Luxury goods costing above Rs 10 lakh will now attract 1 pc TCS
Luxury goods like handbags, wrist watches, footwear and sportswear, priced above Rs 10 lakh will now attract a 1 per cent Tax Collected at Source (TCS). The income tax department has notified the ...
From watches to handbags, and paintings: Income Tax dept notifies luxury items on which taxpayers will have to pay 1% TCS
The move is expected to help the tax authorities to trace the sale of such luxury goods and match it with the income tax ...