Onus on taxpayers to make correct declaration about LRS remittances

TCS on LRS will also apply to remote education and medical consultancy
02-07-2023

TCS: Forex dealers, tour package sellers to collect remittance undertakings

The government on Friday said foreign exchange dealers and sellers of overseas tour packages will have to take an "undertaking" from their customers about their past remittances and overseas visits made in a fiscal for the purpose of deducting TCS. The Income Tax department issued a set of FAQs on the applicability of changes relating to Tax Collection at Source (TCS) on Liberalised Remittance Scheme (LRS) and on the purchase of an overseas tour programme package. The differential rate of the TCS levy would kick in from October 1. The FAQ also defined what would constitute an 'overseas tour program package', on which from October 1, 5 per cent TCS would be levied on expenditures up to Rs 7 lakh. Beyond that, a 20 per cent rate would apply. Currently, these packages attract 5 per cent TCS. "It is clarified that the purchase of only an international travel ticket or purchase of only hotel accommodation, by in itself is not covered within the definition of 'overseas tour program...
01-07-2023
Bigul

TATA CONSULTANCY SERVICES LTD. - 532540 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith Schedule of Analyst/Institutional Investor Meetings with Key Managerial Personnel (KMP) of the Company planned in the month of July 2023 and that took place during the month of June 2023.
30-06-2023
Bigul

TATA CONSULTANCY SERVICES LTD. - 532540 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate

Pursuant to Regulation 39(3) of Listing Regulations, please find enclosed the intimation letter received from our Registrars and Share Transfer Agent - TSR Consultants Private Limited, providing information regarding loss of share certificates received from the shareholder
30-06-2023
Bigul

TATA CONSULTANCY SERVICES LTD. - 532540 - Approval Of Financial Results And Consideration Of Declaration Of An Interim Dividend

The interim dividend, if declared, shall be paid to the equity shareholders of the Company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Thursday, July 20, 2023, which is the Record Date fixed for the purpose.
30-06-2023
Bigul

TATA CONSULTANCY SERVICES LTD. - 532540 - Board Meeting Intimation for Approval Of Financial Results And Consideration Of Declaration Of An Interim Dividend

TATA CONSULTANCY SERVICES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/07/2023 ,inter alia, to consider and approve Pursuant to Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of Tata Consultancy Services Limited is scheduled to be held on Wednesday, July 12, 2023, inter alia to: i. approve and take on record the audited standalone financial results of the Company under Indian Accounting Standards (Ind AS) for the quarter ending June 30, 2023; ii. approve and take on record the audited consolidated financial results of the Company and its subsidiaries under Ind AS for the quarter ending June 30, 2023; and iii. consider declaration of an interim dividend to the equity shareholders.
30-06-2023
Bigul

TATA CONSULTANCY SERVICES LTD. - 532540 - Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

Tata Consultancy Services Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on June 29, 2023. Further, the company has submitted the Exchange a copy of Scrutinizer''s Report along with voting results.
30-06-2023
Bigul

TATA CONSULTANCY SERVICES LTD. - 532540 - Shareholder Meeting / Postal Ballot-Outcome of AGM

Tata Consultancy Services Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on Jun 29, 2023. Further, the company has submitted the Exchange a copy of Scrutinizer''s Report along with voting results.
30-06-2023
Bigul

Clarifications on TCS a good move but there is a scope of improvement, say travel industry players

The move to defer TCS overseas tour packages will encourage more people to book through Indian players
29-06-2023

TCS on global credit cards: HDFC Bank says clearing real-time checks tough

Working with industry, quickly building internal systems to facilitate LRS reporting, says lender
28-06-2023
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