TCS u/s 206C(1F) applicable on sale following goods of the value exceeding 10 lakh rupees
TCS u/s 206C(1F) applicable on sale following goods of the value exceeding 10 lakh rupees

TCS Rate for Luxury Goods Exceeding 10 Lakh Rupees: TCS u/s 206C(1F) applicable on sale following goods of the value exceeding 10 lakh rupees

TCS Rate = 1%

Form Applicable 27EQ

  1. any wrist watch
  2. any art piece such as antiques, painting, sculpture
  3. any collectibles such as coin, stamp
  4. any yacht, rowing boat, canoe, helicopter
  5. any pair of sunglasses
  6. any bag such as handbag, purse
  7. any pair of shoes
  8. any sportswear and equipment such as golf kit, ski-wear
  9. any home theatre system
  10. any horse for horse racing in race clubs and horse for polo

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