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Learn about the new 1% Tax Collected at Source (TCS) on luxury goods worth over ₹10 lakh, effective from April 22, 2025.
If you purchase any of the listed luxury items worth over Rs 10 lakh, the seller will collect 1 per cent TCS and deposit it ...
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Luxury goods exceeding Rs 10 lakh, including handbags, watches, art, and yachts, will now incur a 1% tax collected at source (TCS), effective from April 22. This measure, introduced in the Finance Act ...
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