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Several Luxury Items, Including Watches, Sunglasses, Costing Above Rs 10 Lakh To Attract 1% Tax Collected At Source

Several Luxury Items, Including Watches, Sunglasses, Costing Above Rs 10 Lakh To Attract 1% Tax Collected At Source

New Delhi: Several luxurious items costing above Rs 10 lakh will now draw in Tax Collected at Source (TCS) at 1 in line with cent. As in line with an legitimate notification, wrist watch, artwork piece (antiques, portray, sculpture), collectibles (coin, stamp), yacht, rowing boat, canoe, helicopter, shades, purse, handbag, …

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