Luxury goods above ₹10 Lakh to attract 1% Tax Collected at Source from April 22
The seller collects tax at source from the buyer at a specified rate. The buyer can adjust the TCS against their total tax liability while filing the income tax return (ITR)
The seller collects tax at source from the buyer at a specified rate. The buyer can adjust the TCS against their total tax liability while filing the income tax return (ITR)
