
Luxury Gets Pricier: 1% TCS on High-End Goods From April 2025
Beginning April 22, 2025, the Indian government will introduce a 1% Tax Collected at Source (TCS) on luxury goods priced above ₹10 lakh. This move, stemming from the Finance Act, 2024, has been formalized through notifications issued by the Central Board of Direct Taxes (CBDT).




