{"id":108094,"date":"2025-04-24T13:19:08","date_gmt":"2025-04-24T07:49:08","guid":{"rendered":"https:\/\/vanillanews.com\/index.php\/2025\/04\/24\/new-1-tcs-on-luxury-goods-over-rs-10-lakh-to-track-high-value-purchases-effective-april-22-4\/"},"modified":"2025-04-24T13:19:08","modified_gmt":"2025-04-24T07:49:08","slug":"new-1-tcs-on-luxury-goods-over-rs-10-lakh-to-track-high-value-purchases-effective-april-22-4","status":"publish","type":"post","link":"https:\/\/vanillanews.com\/index.php\/2025\/04\/24\/new-1-tcs-on-luxury-goods-over-rs-10-lakh-to-track-high-value-purchases-effective-april-22-4\/","title":{"rendered":"&#8220;New 1% TCS on Luxury Goods Over Rs 10 Lakh to Track High-Value Purchases, Effective April 22&#8221;"},"content":{"rendered":"<p>Luxury goods priced at over Rs 10 lakh, such as handbags, watches, art, and yachts, will now attract a 1% Tax Collected at Source (TCS) starting from April 22. The move, outlined in the Finance Act 2024, is designed to bolster the income tax department&#8217;s monitoring of high-end transactions by necessitating PAN information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Luxury goods priced at over Rs 10 lakh, such as handbags, watches, art, and yachts, will now attract a 1% Tax Collected at Source (TCS) starting from April 22. The move, outlined in the Finance Act 2024, is designed to bolster the income tax department&#8217;s monitoring of high-end transactions by necessitating PAN information.<\/p>\n","protected":false},"author":0,"featured_media":0,"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":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"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\/108094"}],"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=108094"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/108094\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=108094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=108094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=108094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}