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

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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

Maha govt withdraws 6 pc tax on EVs priced above Rs 30 lakh

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Follow Us on Google News Mumbai, March 26 (IANS) Maharashtra Chief Minister Devendra Fadnavis announced on Wednesday in the state council that the government has decided to withdraw the six per cent tax on electric vehicles (EVs) priced above Rs 30 lakh, as was initially proposed by Deputy CM and Finance Minister Ajit Pawar in … Read more

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