Several luxury items, including watches, sunglasses, costing above Rs 10 lakh to attract 1% Tax Collected at Source
Several luxury goods costing above Rs 10 lakh will now attract Tax Collected at Source (TCS) at 1 per cent. As per an official notification, wrist watch, art piece (antiques, painting, sculpture), collectibles (coin, stamp), yacht, rowing boat, canoe, helicopter, sunglasses, handbag, purse, shoes, sportswear and equipment such as golf kit and ski wear, home…
