FOM: EXIT SHORT FROM TCS AT 2112, PROFIT RS 3250
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Tata Consultancy Services Ltd.
NSE: TCS | BSE: 532540 | ISIN: INE467B01029 | Sector: Information Technology
Recent posts in TCS
How tax will be collected at source from individuals on these transactions from Oct 1
TCS will be levied on foreign remittances made through the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India (RBI) and for buying foreign travel packages. Here is a look at the rules regarding the applicability of TCS and how much tax is leviable.
TCS will be levied on foreign remittances made through the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India (RBI) and for buying foreign travel packages. Here is a look at the rules regarding the applicability of TCS and how much tax is leviable.
The Economic Times
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Reputation: 6,119 • 13 minutes ago
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Reputation: 6,300 • Yesterday 1:36 AM
TCS to be collected by seller from October 1 only if turnover exceeds Rs 10 crore: CBDT
In a statement, the Central Board of Direct Taxes (CBDT) clarified that TCS shall be applicable only on the amount received on or after October 1, 2020 and a seller would be required to collect TCS only if his turnover exceeds Rs 10 crore in the last financial year. Moreover, the export of goods has been exempted from the applicability of the provisions of TCS, it added.
In a statement, the Central Board of Direct Taxes (CBDT) clarified that TCS shall be applicable only on the amount received on or after October 1, 2020 and a seller would be required to collect TCS only if his turnover exceeds Rs 10 crore in the last financial year. Moreover, the export of goods has been exempted from the applicability of the provisions of TCS, it added.
The Economic Times
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