Current Affairs · Taxation
In April 2025, to expand the Tax Collected at Source (TCS) framework, the Central Board of Direct Taxes (CBDT) introduced a 1% TCS on the sale of specified luxury goods valued above ₹10 lakh per item. Among the following, which category is NOT included in the notified list of luxury goods subject to this TCS?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Yachts and helicopters
- 2Mobile phones✓
- 3Art pieces including antiques and paintings
- 4Wristwatches
Correct answer
Mobile phones
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