Ukrainian President Volodymyr Zelenskyy condemned Russian strikes on Ukrainian cities with drones, missiles, and aerial bombs, urging international intervention for better air defense systems, long-range weapons, and increased sanctions to end Russian aggression.
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Why many high-end luxury items are set to become costlier
Luxury Goods Attract 1% TCS Handbags, wrist watches, footwear, and sportswear priced above Rs 10 lakh will now incur a 1% tax collected at source (TCS), as detailed in an April 22, 2025 notification by the income tax department. This measure, introduced through the Finance Act 2024, aims to enhance transparency in high-value purchases, requiring PAN details at the time of sale, while the TCS paid can be credited against the buyer's final tax liability....
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