{"id":107495,"date":"2025-04-24T06:52:04","date_gmt":"2025-04-24T01:22:04","guid":{"rendered":"https:\/\/vanillanews.com\/index.php\/2025\/04\/24\/new-1-tcs-on-luxury-goods-over-rs-10-lakh-to-boost-tax-tracking-from-april-22\/"},"modified":"2025-04-24T06:52:04","modified_gmt":"2025-04-24T01:22:04","slug":"new-1-tcs-on-luxury-goods-over-rs-10-lakh-to-boost-tax-tracking-from-april-22","status":"publish","type":"post","link":"https:\/\/vanillanews.com\/index.php\/2025\/04\/24\/new-1-tcs-on-luxury-goods-over-rs-10-lakh-to-boost-tax-tracking-from-april-22\/","title":{"rendered":"&#8220;New 1% TCS on Luxury Goods Over Rs 10 Lakh to Boost Tax Tracking from April 22&#8221;"},"content":{"rendered":"<p>Luxury goods valued at over Rs 10 lakh, such as handbags, watches, art, and yachts, will be subject to a 1% Tax Collected at Source (TCS) starting April 22. The new provision, outlined in the Finance Act 2024, is designed to bolster the income tax department&#8217;s monitoring of high-end transactions by necessitating the submission of PAN details.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Luxury goods valued at over Rs 10 lakh, such as handbags, watches, art, and yachts, will be subject to a 1% Tax Collected at Source (TCS) starting April 22. The new provision, outlined in the Finance Act 2024, is designed to bolster the income tax department&#8217;s monitoring of high-end transactions by necessitating the submission of [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":107496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120556436imgsize-2518450-8.jpg",2016,1134,false],"thumbnail":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120556436imgsize-2518450-8-150x150.jpg",150,150,true],"medium":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120556436imgsize-2518450-8-300x169.jpg",300,169,true],"medium_large":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120556436imgsize-2518450-8-768x432.jpg",640,360,true],"large":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120556436imgsize-2518450-8-1024x576.jpg",640,360,true],"1536x1536":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120556436imgsize-2518450-8-1536x864.jpg",1536,864,true],"2048x2048":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120556436imgsize-2518450-8.jpg",2016,1134,false]},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"<a href=\"https:\/\/vanillanews.com\/index.php\/category\/just-in\/\" rel=\"category tag\">JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/107495"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=107495"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/107495\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media\/107496"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=107495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=107495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=107495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}