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IT stocks: Weak EPAM guidance send Persistent, Mphasis, Coforge, Cyient shares falling; TCS, Infosys down 2% each

Shares of Persistent Systems plunged 4.62 per cent to Rs 4,973.50. Coforge shares slipped 3.82 per cent to Rs 4,418. 40. Mphasis,ย  Cyient and Zensar Technologies declined 3.71 per cent, 3.10 per cent and 2.80 per cent, respectively. LTIMindtree dropped 2.14 per cent to Rs 4,838.
Persistent Systems Institutional Equities Zensar Technologies Tech Mahindra Pcs Shares Nfosys Shares

Holidays booked with foreign tour operators escape 20% TCS, but Indian tour operators must collect this tax

The 20% Tax Collected at Source (TCS) rule for overseas tour packages seems to have a loophole. Booking such a package with an Indian tour operator attracts TCS right away. With a foreign tour operator, you can escape TCS until international payments on your credit card cross Rs 7 lakh a year.
Rajiv Mehra Sandeep Jhunjhunwala Russell Gaitonde Indian Association Of Tour Operators Nangia Andersen Tax Collected

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