Summary: 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 ...

Take a look at Mir Osman Ali Khan's impressive wealth, from his remarkable gem collection, including the Koh-i-Noor, his ...

The income tax department has issued two notifications specifying the list of luxury goods on which tax will be collected at ...

The Central government has introduced changes to the Income Tax Act, 1961, expanding the scope of the Tax Collected at Source ...

Vide Finance (No. 2) Act, 2024, section 206C (1F) was amended to provide that TCS will also be levied on any other goods of ...

The Income Tax Department has released some frequently asked questions (FAQs) on which are the list of specified goods on ...