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of <h1>High-Value Luxury Goods Over 10 Lakhs Now Subject to Tax Collection at Source Under New Comprehensive Regulation</h1> The Central Government has notified specific high-value goods exceeding ten lakh rupees for tax collection at source (TCS). The list includes luxury and recreational items such as wrist watches, art pieces, collectibles, watercraft, sunglasses, bags, shoes, sportswear, home theater systems, and horses for racing or polo. The notification will be effective from the date of publication in the Official Gazette.
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