Though this announcement to bring in some goods, apart from motor vehicles, into the ambit of TCS was announced in the July 2024 Budget and was to be implemented from January 1 this year, the I-T ...

Shopping online for luxury items can feel like a treasure hunt for the perfect piece. However, the rise of counterfeit goods has made it more challenging to ensure authenticity. Scammers and fake ...

“This will enhance the traceability of luxury spending,” said Amit Maheshwari, tax partner at AKM Global. Additionally, he said, by bringing high-value items into the TCS framework with a 1% ...

The list includes wrist watches, art objects such as paintings, sculptures, and antiques, collectible items including coins and stamps, yachts, helicopters, luxury handbags, sunglasses ...

The information couldn't have come at a better time, too, as many buyers are looking to secondhand items as as Donald Trump's tariffs loom. According to the guide, the most popular luxury brand ...

The Income Tax Department released another list on Tuesday in this regard. On what items will the tax be levied? The list released on April 22 includes watches, paintings, statues, antiques, coins, ...

Shopping online for luxury items can feel like a treasure hunt for the perfect piece. However, the rise of counterfeit goods has made it more challenging to ensure authenticity. Scammers and fake ...

The Income Tax department April 22 notified the list of specified luxury goods and collectibles on which 1 per cent TCS will apply henceforth. The list includes wrist watches, art objects such as ...