TCS on Luxury Goods - New Tax Rules in India


Taxguru

Uploaded on Apr 29, 2025

The Indian government has expanded the scope of Tax Collected at Source (TCS) under Section 206C(1F) of the Income-tax Act, 1961, to include certain luxury goods. This provision, initially applicable to motor vehicles exceeding ₹10 lakh, now extends to ten new categories, effective April 22, 2025.

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