New TCS Rules for High-Value Luxury Goods – Notification No. 36/2025-Income Tax
The Income Tax Department has issued Notification No. 36/2025 on 22nd April 2025, introducing important changes regarding Tax Collection at Source (TCS) on the purchase of certain high-value luxury goods. These changes are effective immediately from the date of publication in the Official Gazette. Let’s understand what the notification says and its implications for buyers…