New 1% TCS: Know the list of specified goods, threshold, effective date and more as CBDT releases FAQ

TCS on luxury goods: The Income Tax Department releases some frequently asked questions (FAQs) on which are the list of specified goods on which tax collected at source (TCS) needs to be paid by the buyer to the seller. Read below to know the full list of goods on which TCS will be levied from April 22, 2025.