Luxury Goods Costing Above ₹ 10 Lakh Will Now Attract 1% Tax Collected at Source
Image used for representation purpose only. , Photo Credit: Getty Images/Istockphoto Luxury Goods LIKE HANDBAGS, Wrist Watches, Footwear, and Sportswear, Priceed Above ₹ 10 Lakh Will Now Attract A 1% Tax Colleted At Source (TCS). The income tax department has notified the application of tcs at the rate of 1% on sale of specified luxury…