From January 1, 2025, the prices of luxury bags and goods are going to skyrocket.. These changes are happening due to the announcements made in the Budget. Let us tell you that as per the new order of the government, all luxury goods whose price is more than ₹ 10 lakh will be charged TCS i.e. Tax Collected at Source.. For a long time, high net worth individuals have been spending money on such luxury bags and goods and the count of such luxury products in India is also increasing day by day. Watch the video till the end for complete information..