India Inc's dividend payout rises 26% to Rs 3.26 trillion in 2022-23
The dividend per share recommended by the top three corporations was more than double that of the previous year, with TCS again at the top of the list29-05-2023
29-05-2023
TATA CONSULTANCY SERVICES LTD. - 532540 - Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 read with Schedule III Part A Para A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the letters sent to the identified shareholders pursuant to SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/37 dated March 16, 2023.26-05-2023
Govt plans to link tax collected at source with tax deducted at source: CEA
The government is attempting to link tax collected at source for payments made by individuals with tax deducted from their income sources, a move that will help in ensuring cash flows of the individual taxpayers are not impacted, according to a senior official. The move also comes at a time when the government is set to impose a 20 per cent Tax Collection at Source (TCS) on certain international spends from July 1. Generally, TCS is the tax collected by a seller at the time of sale of goods or services while Tax Deducted at Source (TDS) is the amount levied as tax by the government. The government has exempted transactions up to Rs 7 lakh from the TCS, providing relief to small taxpayers. So, bulk of the transactions made by most will not be covered under 20 per cent TCS, Chief Economic Advisor (CEA) V Anantha Nageswaran has said. Defending the decision, he said, "And it (government) also attempts to link the TCS with your TDS such that if there are TCS payment made by you it has t26-05-2023
TATA CONSULTANCY SERVICES LTD. - 532540 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
TCS Positioned as a Leader in Intelligent Process Automation by Everest Group25-05-2023
TDS, TCS aren't money lost forever; you can adjust or claim it back
Low-income earners need to track tax collected and deducted to receive refunds. TDS is not final tax liability, total tax depends on your tax bracket.25-05-2023
TATA CONSULTANCY SERVICES LTD. - 532540 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
TCS Positioned as a Market Leader in Digital Engineering by HFS Research24-05-2023
Zurich insurance company DIFC transforms biz operations with TCS BaNCS
TCS BaNCS for Property and Casualty is a complete insurance solution suite designed to manage a wide range of complex contracts and calculations with enhanced regulatory compliance and auditability23-05-2023
TATA CONSULTANCY SERVICES LTD. - 532540 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Zurich DIFC Transforms its Business Operations with TCS BaNCS(tm)23-05-2023
TATA CONSULTANCY SERVICES LTD. - 532540 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Jaguar Land Rover Partners with TCS to Launch its Open Innovation Programme in Israel to Co-Create Mobility Solutions with Start Ups23-05-2023
Clarity needed on TCS levy on credit card payments, says tax experts
Tax experts on Monday sought clarity on the applicability of TCS on foreign payments of over Rs 7 lakh made via credit cards, saying it would be difficult for the I-T department to differentiate between personal and business visits. The government on May 16 issued a notification under Foreign Exchange Management Act (FEMA), which effectively imposed a 20 per cent TCS on international credit cards (ICC) spends in foreign exchange. ICC spending was brought under the RBI's liberalised remittance scheme (LRS). However, expenses incurred by an employee on a business visit when such expenses are borne by the employer, do not come under LRS and hence were exempt from 20 per cent Tax Collected at Source (TCS). Amid backlash from various sections of people, the government on May 19 decided to exempt ICC payments up to Rs 7 lakh a year from TCS. Experts, however, feel still there are grey areas which are needed to be addressed by the Income Tax department. Nangia Andersen India, Partner, Ne22-05-2023