Скачать или смотреть What is New 1% TCS on Luxury Goods? Explained Simply | Extra Tax on Luxury Shopping | Choice

Luxury comes with a price — and now, a tax too! 😮
Starting now, any luxury good above ₹10 lakh will attract an extra 1% TCS (Tax Collected at Source).

What falls under this rule?

Luxury handbags
Wrist watches
High-end footwear & sportswear
Designer sunglasses
Art pieces, sculptures
Yachts, helicopters
Race or polo horses
Home theatre systems
Collectibles like rare coins and stamps

✅ How It Works:

Seller collects 1% TCS at the time of billing.
TCS gets deposited against your PAN.
You can claim it while filing your ITR! (And refund if excess.)

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