The Central Board of Direct Taxes on April 22 has notified a list of 10 items where, if their value exceeds ₹10 lakh, there ...

But when it comes to redemptions, the value of Bank of America points remains easy to calculate. Points are worth 1 cent each on select redemptions, but there are a few redemption methods to avoid.

Handbags, wrist watches, footwear and sportswear, priced above Rs 10 lakh will now attract 1 per cent Tax Collected at Source ...

India introduces 1% Tax Collected at Source (TCS) on luxury goods priced over Rs 10 lakh, effective April 22, 2025. The move aims to monitor high-value spending and enhance transparency in the luxury ...

The TCS provision for luxury goods was introduced via Finance Act, 2024, as part of the Budget presented in July 2024 ...