TCS under sub-section (1F) of section 206C on notified goods (WIDENING AND DEEPENING OF TAX BASE AND ANTI-AVOIDANCE)

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....>News<br>Dated:- 24-7-2024<br>Union Budget 2024-25 (Full) + FINANCE (No.2) Bill, 2024 The existing provisions of section 206C of the Act provide, inter alia, for the collection of tax at source on bu....

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....t there has been an increase in expenditure on luxury goods by high net worth persons. For proper tracking of such expenses and in order to widen and deepen the tax net, it is proposed to amend sub-se....