TCS

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Income Tax Compliance Calendar For June 2022

Income Tax Compliance Calendar For June 2022 7 June 2022 – ​Due date for deposit of Tax deducted/collected for the month of May, 2022. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of …

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How To View Form 26AS Through Net Banking

This facility is available to a PAN holder having net banking account with any of authorised banks. View of Form 26AS is available only if the PAN is mapped to that particular account. The facility is available free of cost. Login to your bank’s internet banking website and click on the option provided to view …

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How To View Form 26AS Through Income Tax E-filing Portal

Perform the following steps to view or download the Form-26AS from e-Filing portal: Step-1: Logon to ‘e-Filing’ Portal https://www.incometax.gov.in/iec/foportal/ Step-2: Go to the ‘My Account’ menu, click ‘View Form 26AS (Tax Credit)’ link. Step-3: Read the disclaimer, click ‘Confirm’ and the user will be redirected to TDS-CPC Portal. Step-4: In the TDS-CPC Portal, Agree the …

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Pre-Market information-Infosys, TCS, Wipro, Tata Motors, and others will be in focus today

The US markets were in green last night. The European markets closed higher. This morning the Asian markets are showing mixed trend. The US inflation was at 7%, highest in last 39 years. India’s CPI inflation for December stood at 5.59%. SGX Nifty indicates a positive opening for Indian markets. IT stocks will continue to …

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Pre-Market Information: Stocks in focus-Reliance Industries, Tata Steel, Sobha, and D’Mart

The global markets are showing mixed trends. The US job data disappoints. Omicron cases are rising. However, equity markets are hoping that the Central banks will slow the pace of rate hikes.  SGX Nifty indicates a positive opening for the Indian markets.  The following stocks are in focus today: Reliance Industries: Company’s wholly-owned subsidiary, Reliance …

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TCS Is Hiring Arts, Commerce, Science Freshers At Rs 4.2 Lakh Expected Salary! How To Apply? Last Date?

TATA consultancy services has curated exclusive opportunities for Arts, Commerce & Science graduates from the 2022 year of passing to apply for exciting careers and make TheBigMove Exceptional performers will be part of TCS’ fastest growing units – Cognitive Business Operations (CBO), Banking and Financial Services and Insurance (BFSI), and Life Sciences in various enriching roles that amplify their career …

TCS Is Hiring Arts, Commerce, Science Freshers At Rs 4.2 Lakh Expected Salary! How To Apply? Last Date? Read More »

TCS BPS Fresher Hiring

TCS Jobs for Arts, Commerce & Science graduates At 4.2 Lakh Salary, Apply Now

TATA consultancy services has curated exclusive opportunities for Arts, Commerce & Science graduates from the 2022 year of passing to apply for exciting careers and make TheBigMove Exceptional performers will be part of TCS’ fastest growing units – Cognitive Business Operations (CBO), Banking and Financial Services and Insurance (BFSI), and Life Sciences in various enriching roles that amplify their career …

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Weekly performance of Indian Markets

Weekly performance of Indian Markets: 01/10/21 to 08/10/21 Nifty 50 has started its October journey on a positive note. It gained 363.15 points from 17,532.05 on October 1st to 17,895.20 on October 8th. It is equal to 2.07% rise. Top 5 gainers on Nifty 50 Index: Tata Motors: 14.90% ONGC: 10.05% Titan Co.: 8.99% IndusInd …

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What is TCS?

DID you KNOW? Concept of TAX COLLECTED AT SOURCE (TCS) and practical issue under GST

This article will help you to solve your problems related to 2 important areas under GST. 1) Concept of TCS and related Provision2) Practical problem/doubts 1) What is TCS? TCS is a tax which is collected by the electronic commerce operator (ECO) from buyer who places an order online and made a payment to online …

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INCOME TAX

Section 206C(1H) of the Income Tax Act 1961 at a Glance

1.The provisions of this sections are applicable with effect from 1st October, 2020. The section provides that in case of sale of goods of the value or aggregate of such value more than Rs 50 lakhs in any PY, (other than the goods being exported out of India or goods covered in 206C (1) or …

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LATE FILING FEES AND PENALTY FOR FAILURE TO FURNISH/DELAY IN FURNISHING THE TDS/TCS STATEMENTS

Late Filing Fees & Penalty for Late/Non Filing of TDS/TCS Return

LATE FILING FEES AND PENALTY FOR FAILURE TO FURNISH/DELAY IN FURNISHING THE TDS/TCS STATEMENTS Before understanding the penalty provisions for failure to furnish the statement of Tax Deducted at Source or statement of Tax Collected as Source (i.e. commonly known as TDS/TCS return) we shall first have a look at the few basic duties of …

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Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic

[BIG BREAKING] Income Tax Return, Tax Audit Due Date & Other Due Dates Extended

Income tax return, tax audit due date & Other dates extended Circular No. 9 of 2021 F.No.225/49/2021 -ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, Dated 20th May, 2021 Subject: Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic The Central Board of …

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TCS

Samir Seksaria takes over as CFO of TCS

Tata Consultancy Services (TCS) vetran Samir Seksaria took over as Chief Financial Officer. He replaces V Ramsakrishnan who retired a day earlier. Seksaria started his career in TCS in 1999 and spent his early years in consulting assignments involving regulatory compliances and M&A spin-offs. He moved to corporate finance in 2004 and played a critical …

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What is TCS?

What is TCS?

TCS means Tax Collected at Source (TCS). It is a tax collected by the seller when goods are being sold to the buyer. Section 206 of Income Tax Act 1961 governs the goods on which the Seller has to collect tax from the buyer. Seller whose total sales, gross receipt or turnover from the business …

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ROLL OUT OF ANNUAL INFORMATION STATEMENT (AIS) IN INCOME TAX

ROLL OUT OF ANNUAL INFORMATION STATEMENT (AIS) IN INCOME TAX

Roll Out of Annual Information Statement (AIS) in Income Tax Overview : CBDT has notified New Annual Information Statement (AIS) vide Notification No. 30/2020 dated 28.05.2020 which will be in force w.e.f. 1st June, 2020 and thereby replacing Form 26AS. For better understanding, we will look into the following aspects in this article : > …

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REVISED RATES OF TDS AND TCS : AS PER "AATMA NIRBHAR ECONOMIC PACKAGE"

REVISED RATES OF TDS AND TCS : AS PER “AATMA NIRBHAR ECONOMIC PACKAGE”

Revised Rates of TDS and TCS : As Per “Aatma Nirbhar Economic Package” :- In order to provide more funds at the disposal of the taxpayers for dealing with the economic situation arising out of COVID-19 pandemic, the rates of Tax Deduction at Source (TDS) for the following non-salaried specified payments made to residents has …

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Here's how you can upload your TDS statement on the income tax portal:

TDS RATE CHART FOR F.Y. 2020-21 (A.Y. 2021-22)

Section Particulars TDS Rate Individual/ HUF (Indian Resident)(in %) TDS Rate for  (NRI) in India (in %) Domestic Company (in %) Other than domestic Company (in %) 192 Payment of salary Normal Slab Rate Normal Slab Rate – – 192A Payment of accumulated balance of Provident fund which is taxable in the hands of an …

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CORPORATE COMPLIANCE CALENDAR FEBRUARY 2022

CORPORATE COMPLIANCE CALENDAR FOR THE MONTH OF FEBRUARY, 2020

ABOUT ARTICLE : This article contains various Compliance requirements under Statutory Laws. Compliance means “adhering to rules and regulations.” If you think compliance is expensive, try non‐ compliance” COMPLIANCE REQUIREMENT UNDER : Income Tax Act, 1961 Goods & Services Tax Act, 2017 (GST) Other Statutory Laws Foreign Exchange Management Act, 1999 (FEMA) and Important Notifications …

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CORPORATE COMPLIANCE CALENDAR FOR THE MONTH OF JANUARY, 2020

ABOUT THIS ARTICLE : This article contains various Compliance requirements under Statutory Laws. Compliance means “adhering to rules and regulations.” Compliance Requirement Under : Income Tax Act, 1961 Goods & Services Tax Act, 2017 (GST) Other Statutory Laws Foreign Exchange Management Act, 1999 (FEMA) SEBI (Listing Obligations And Disclosure Requirements) (LODR) Regulations, 2015 SEBI Takeover …

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