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

Thinking of buying something over Rs 10 lakh? You will have to pay a small tax. In a notification released by the Income Tax ...

Luxury goods like handbags, wrist watches, footwear and sportswear, priced above Rs 10 lakh will now attract a 1 per cent Tax ...

New Tax Rules: Now pay 1% TCS on luxury goods worth Rs 10 lakh and above (AI generated image) Now, you will have to pay 1% TCS (tax collected at source) on the purchase of luxury goods like ...

Learn about the new 1% Tax Collected at Source (TCS) on luxury goods worth over ₹10 lakh, effective from April 22, 2025.

Starting April 22, 2025, luxury goods priced above Rs 10 lakh will be subject to a 1% Tax Collected at Source (TCS). This development follows the Finance Act, 2024, with the Central Board of ...

PETALING JAYA: Initially proposed in Budget 2023, the luxury goods tax has been re-tabled in Budget 2024 as high value goods tax (HVGT). Grant Thornton Malaysia national tax practice leader Datin ...

Anwar said the government will enact new legislation to tax certain luxury goods such as jewellery and watches based on the threshold value of the goods. - Bernama ...