Section 206C(1F) TCS Applicable on Sale of Single Item of Notified Goods Exceeding Rs. 10 Lakh; CBDT Clarifies

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  • Last Updated on 26 April, 2025

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TCS on Luxury Goods

FAQs, dated 24-04-2025

Finance (No. 2) Act 2024, w.e.f. 1-1-2025 has expanded the scope of section 206C(1F) to levy TCS on any other goods of value exceeding Rs. 10 lakh. Such other goods shall be notified by the Government and will be in the nature of luxury goods. The Central Board of Direct Taxes (CBDT), vide Notification No. 36/2025 dated 22.04.2025, notified 10 goods for the purpose of TCS under section 206C(1F).

The Board has clarified that TCS will be levied on the sale of a single item of the notified goods with a value exceeding ten lakh rupees. Further, the provisions will become effective from the date of publication of the notification, i.e. 22.04.2025.

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied