India's Central Board of Direct Taxes (CBDT) has published Notification No. 35/2025 of 22 April 2025 and Notification No. 36/2025 of 22 April 2025 regarding the list of luxury goods subject to 1% tax collection at source (TCS) if the value of the goods exceeds INR 1 million (ten lakh). The list includes: any wristwatch; any art piece such as antiques, paintings, sculptures; any collectibles such as coins, stamps; any yacht, rowing boat, canoe, helicopter; any pair of sunglasses; any bag such as handbags, purses; any pair of shoes; any sportswear and equipment such as golf kit, ski-wear; any home...