Several luxury products that cost over RS 10 Lakh will now attract taxes raised in the source (TCS) to 1 percent. As by an office notification, Wist Watch, Art Piece (Antiques, Painting, Sculpture), Collectibles (Coin, Stamp), Yacht, Rowing Boat, Canoe, Helicopter, Sunglasses, Handbag, Purse, Shoes, SportsWear, Home, Home Theate, Home Theate, Home, Home ,, Home ,, Home, Home ,, Home, Home ,, Home, Home, Home ,, Home ,, Home Theatte, Start, House, House, Log Sypment, Sypment, Log Sypment, Log Sypment, Log Sypment, Log Sypment, Lower Sypment, Home Theate, wear, wear, wear, wear, wear, wear, wear. wear, wear, wear sypment. In clubs of race and pole they will attract such special taxes.
The notification will immediately enter into force. TCS, or taxes raised at the source, is a tax to be paid by the seller but collected from the buyer.
“This movement is a strategic step to improve fiscal transparency and monitoring of high value consumption trends, a movement that aligns with global trends in fiscal surveillance and fiscal transparency,” Munjal Almoula, taxes of the consulting firm.
