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LUXURY HANDBAGS TAX
Rs 50 LPA but no latest iPhone or Zara clothes: 27-year-old Bengaluru techie reveals what she spends her money on insteadA 27-year-old Bengaluru techie earning around Rs 50 LPA has gone viral for rejecting the stereotypical luxury lifestyle often linked with h...- Vashishtha Luxury Fashion IPO opens for subscription today. Check GMP, price band and other detailsVashishtha Luxury Fashion, a Mumbai-based export house, launched its IPO on Friday, aiming to raise Rs 8.87 crore. The IPO, priced at Rs 10...
- 'Big red flag': Coinswitch co-founder Ashish Singhal explains how middle class is funding India's ultra richIndia's ultra-rich population is set to surge by 50 per cent by 2028. This growth surpasses all other nations. Luxury markets are expanding...
- India's ultra-rich population to rise 50% by 2028, fastest globally: ReportIndia will witness the world's fastest growth in the number of ultra-high-net-worth individuals (UHNWIs), with their population expected to...
- Pay new income tax TCS of 1% on these luxury goods above Rs 10 lakh; CBDT issues notificationTCS on luxury goods: The income tax department has issued two notifications specifying the list of luxury goods on which tax will be collec...
- New 1% TCS: Know the list of specified goods, threshold, effective date and more as CBDT releases FAQTCS on luxury goods: The Income Tax Department releases some frequently asked questions (FAQs) on which are the list of specified goods on ...
- Several new items come under TCS as I-T widens tax netThe govt is broadening its tax base by implementing a 1% TCS on luxury items exceeding Rs 10 lakh, effective immediately. This initiative t...
- Luxury products above Rs 10 lakh to attract 1% TCSThe CBDT has mandated a 1% TCS on luxury goods exceeding ₹10 lakh, effective immediately. This includes items like handbags, watches, and c...
- Catch the nouveau riche! Income tax dept casts a new dragnetIndia's burgeoning affluent class, particularly in smaller towns, is driving luxury goods sales, often evading income tax. To address this,...
- LVMH finds making Louis Vuitton bags messy in TexasLouis Vuitton's Texas factory, inaugurated with fanfare by Bernard Arnault and Donald Trump, has struggled with production due to a shortag...
- Rate rationalisation exercise: Luxe bags, cosmetic treatments may be moved to 28% GST SlabThe GST Council's GoM is considering moving 58 goods and 24 services, including luxury handbags, sunglasses, and cosmetic procedures, to a ...
- Budget 2024: Price tags get heavier for luxe productsThe Indian government is proposing a 1% tax collected at source (TCS) on luxury products like watches, handbags, and high-end televisions p...
- Luxury goods above Rs 10 lakh like Louis Vuitton handbag, Bulgari jewellery etc. to attract TCS from January 1, 2025TCS on luxury goods, Budget 2024: The budget documents have proposed the levying of TCS (tax collected at source) on notified luxury goods ...
- 'Mata Hari' of South Korea, Sue Mi Terry stole vital US government information for luxurious items. Know about her in detailSouth Korean spy Sue Mi Terry worked as an undercover agent, stole vital US government information and used to go on regular shopping spree...
- This is what it takes to be in the 1% around the worldThe top 1% covers a wide span, from professionals to billionaires with more wealth than many nations.
- Louis Vuitton India retail profit jumps 50% in FY17Louis Vuitton India is likely to have included business generated through retail stores in the country and sales from its signature Louis V...
- Meet Pietro Beccari: Dior's new man who made Kendall Jenner walk on waterBeccari's next assignment: to make Christian Dior fly again.
- Luxury goods firms in wait & watch modeAll that the council has come up with are different tax slabs and it is a bit premature to comment on the impact on the luxury sector.
- Hermes to launch limited edition $1,800 sarees in India in OctoberA Hermes India spokesperson confirmed that the brand would launch a limited edition collection of four to five silk sarees in India in Octo...
- Luxury brands' wish listLuxury product and service houses bring with them their brand and are usually ready to pitch in with media and marketing initiatives.
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