Centre notifies 1 pc tax on all luxury goods priced above Rs 10 lakh

Follow Us on Google News New Delhi, April 23 (IANS) The Central Board of Direct Taxes has notified the new rules to bring into immediate effect the 1 per cent tax collected at source (TCS) on luxury goods that cost over Rs 10 lakh, such as wrist watches, handbags, sunglasses, shoes, and sportswear. Art objects … Read more