The Central government has introduced changes to the Income Tax Act, 1961, expanding the scope of the Tax Collected at Source ...

One luxury handbag maker attempted to shatter the illusion in a TikTok video that has exploded online. He claims an ...

The Central Board of Direct Taxes (CBDT) has issued a notification specifying the list of luxury goods on which tax collected ...

Now you need to shell out more for your luxury purchases. The government recently announced a 1% Tax Collected at Source (TCS ...

Vide Finance (No. 2) Act, 2024, section 206C (1F) was amended to provide that TCS will also be levied on any other goods of ...

Kering faced a difficult start to the year,” Chief Executive Francois-Henri Pinault said. Kering last month turned to Demna ...

The Income Tax Department has released some frequently asked questions (FAQs) on which are the list of specified goods on ...

Thanks to President Trump's recent tariffs, the country is strategizing on how to get goods directly to consumers and ...

Luxury goods over Rs 10 lakh, including handbags, wrist watches, and sportswear, will now face a 1% Tax Collected at Source ...

Luxury items priced over Rs 10 lakh will incur a 1% Tax Collected at Source (TCS) from April 22, 2025, aimed at enhancing ...

Learn about the new 1% Tax Collected at Source (TCS) on luxury goods worth over ₹10 lakh, effective from April 22, 2025.

Luxury goods priced above ₹10 lakh now subject to 1% TCS, enhancing tax monitoring and financial transparency.