Page 143 - Tcs News Today

StockNews.com initiated coverage on shares of The Container Store Group (NYSE:TCS – Get Rating) in a report issued on Thursday. The firm issued a hold rating on the specialty retailer’s stock. Separately, Lake Street Capital cut their price objective on shares of The Container Store Group from $7.00 to $5.00 in a research report on […]

The Container Store Group, Inc. (NYSE:TCS – Get Rating) CEO Satish Malhotra purchased 33,500 shares of the business’s stock in a transaction on Friday, May 19th. The stock was acquired at an average price of $2.24 per share, with a total value of $75,040.00. Following the purchase, the chief executive officer now directly owns 500,301 […]

The government had earlier this week brought overseas credit card spending under Liberalised Remittance Scheme (LRS). which meant that any spending using credit cards overseas would attract a 20% tax from July 1.

The Finance Ministry said the changes were necessitated as some instances have come to notice where the payments were

The Container Store Group, Inc. (NYSE:TCS – Get Rating) Director Robert E. Jordan bought 27,492 shares of the stock in a transaction dated Thursday, May 18th. The stock was purchased at an average price of $2.55 per share, with a total value of $70,104.60. Following the acquisition, the director now owns 184,059 shares of the […]

International transactions via credit cards have been brought under the RBI’s Liberalized Remittance Scheme or LRS from May 16, 2023. From July 1, 2023, there will be 20 percent TCS on them with no minimum threshold.

TCS, Infosys, Wipro: The variable pay in IT services companies depends on the company’s overall performance, along with the performance of individual employees.

While some explained how unnecessary the move is, others simply disregarded the decision saying,

The ministrys decision earlier this week to bring international credit card spending under the RBIs liberalised remittance scheme (LRS) and the consequent levy of 20 percent TCS has evoked sharp reactions from experts and stakeholders

The Government has clarified that international debit or credit card payments of up to Rs 700,000 by an individual per year will be excluded from the Liberalised Remittance Scheme limits. This means that such transactions will not attract the Tax Collected at Source (TCS). , Economy News, Times Now