TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All News
of of All News
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>1% TCS Introduced on Luxury Goods Over Rs 10 Lakh to Boost Financial Transparency and Track High-End Purchases</h1> A new tax collection measure will impose 1% Tax Collected at Source (TCS) on luxury items priced above Rs 10 lakh, including handbags, watches, footwear, sportswear, art objects, and high-end equipment. The provision aims to enhance monitoring of high-value discretionary spending and strengthen financial transparency. Sellers must collect TCS, which can be adjusted against the buyer's tax liability during income tax filing.
TaxTMI 
TaxTMI 
