From Motor Vehicles to Luxury Goods: Expansion of TCS u/s 206C(1F)

CA KAJAL AGRAWAL , Last updated: 31 January 2026  
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To widen the tax base and track high-value consumption, the CBDT (via notification No. 36/2025) has expandedSection 206C(1F) to cover Tax Collected at Source (TCS) on the sale of specified luxury goods, effective from 22nd April, 2025. This provision is particularly important for dealers, manufactu

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CA KAJAL AGRAWAL
(CA In Practice)
Category Income Tax   Report

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