The income tax department has issued two notifications specifying the list of luxury goods on which tax will be collected at ...

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

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

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

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

After years of strong results fueled by a rise in demand for luxury goods after the pandemic, customers dialed back on ...

Videos urging consumers to buy brands like Louis Vuitton, Hermes and Lululemon — or quality knockoffs — directly from ...

The actual revenue may be even higher, depending on how much of the luxury car and jewellery market falls under this pricing ...

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

In 2025, the luxury market faces headwinds unlike any seen since the Great Recession or Covid due to the threat of tariffs to ...

Luxury goods were supposed to be making a comeback this year. But US President Donald Trump’s trade war has complicated that ...

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