Page 101 - Tcs News Today

According to tax experts and income-tax officers whom ET spoke to, several reasons have scripted this unusual trend—better collation of information on income and tax, boom in stocks and in the startup sector, robust growth in high-paying jobs and even moonlighting.

Business correspondents (BCs) are being roped into the governments financial inclusion plans in a big way. Besides providing traditional services such as account opening and payments, these last-mile banking intermediaries have now ventured into more complex areas like credit and insurance. This and more in todays Morning Dispatch.

The entity, Tata Business Hub, which offers business solutions under the Nexarc brand, is led by veteran Tata Consultancy Services executive Venguswamy Ramaswamy, the global head of TCS Ion, who has been able to significantly scale the business in this segment, they said.

From the Sensex pack, HCL Tech, TCS, Wipro, Tech Mahindra, and Infosys opened with cuts, whereas only NTPC, L&T, Bharti Airtel, and Sun Pharma opened with gains.

Annual Information Statement (AIS) is an important document because many tax filers reconcile their own data with AIS. However do note that if one has paid any self-assessment tax while filing ITR for FY 2022-23 then the AIS for FY 2023-24 will show this and not AIS for FY 2022-23.

Both Nifty 50 and Sensex declined for a fourth consecutive week. The Nifty 50 has lost 3.4% since hitting a record high on July 20. From the Sensex pack, TCS and Tech Mahindra were the top laggards, falling about 2% each.

The Container Store Group, Inc. (NYSE:TCS – Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.40 and traded as low as $2.52. The Container Store Group shares last traded at $2.52, with a volume of 250,934 shares trading hands. Analyst Upgrades […]

"Indias time has come and sees the countrys economic growth as a starting point, with most companies positively surprising on earnings despite cost pressures." However, "there are three headwinds: crude oils rising prices, commodity costs pressure, and the effect of rate increases by the US Federal Reserve and RBI. "

With Infosys contract for providing technology support for Goods and Services Tax (GST) ending in September 2024, GST Network (GSTN) has started scouting for a consultancy firm to prepare the bid document for the selection of a new service provider and a roadmap for transitioning the system capacity to the next level -- GST 2.0.

“In the current scenario, you might want to wait for a 10-15% dip in Zomato before you get into it because we are no longer in a momentum-driven market. The storyline is very good, the potential is great, but it makes sense to kind of wait for some small correction before you enter.”