https://www.taxtmi.com/news?id=41861 The Finance (No. 2) Act, 2024 amended the TCS provision to permit notification of additional high-value goods; Notification No. 36/2025 specifies categories-wrist watches, art pieces, collectibles, yachts and similar craft, sunglasses, bags, shoes, sportswear and equipment, home theatre systems, and race/polo horses-on which TCS is leviable when the value of a single item exceeds the prescribed threshold. Collection liability arises per single item and the notification is effective from 22 April 2025. en-us Thu, 24 Apr 2025 14:40:17 +0530 Thu, 24 Apr 2025 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=41861 The Finance (No. 2) Act, 2024 amended the TCS provision to permit notification of additional high-value goods; Notification No. 36/2025 specifies categories-wrist watches, art pieces, collectibles, yachts and similar craft, sunglasses, bags, shoes, sportswear and equipment, home theatre systems, and race/polo horses-on which TCS is leviable when the value of a single item exceeds the prescribed threshold. Collection liability arises per single item and the notification is effective from 22 April 2025. News - Thu, 24 Apr 2025 14:40:17 +0530 https://www.taxtmi.com/news?id=41861