TCS on luxury goods, Budget 2024: The budget documents have proposed the levying of TCS (tax collected at source) on notified luxury goods from January 1, 2025. The list of luxury goods that will attract TCS will be notified by the central government. Currently, TCS is applicable on foreign remittances, foreign travel, motor vehicle etc.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.