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India and Mauritius have agreed to a protocol to alter a double taxation avoidance agreement (DTAA) stating that tax relief cannot be for the indirect benefit of residents of another country. As a result, all FPIs will have to examine whether they have enough commercial rationale to be based in Mauritius when the tax scrutiny happens.
On Friday, TCS announced a final dividend of Rs 28 per share. This was in addition to Rs 45 per share announced over the financial year. In total, TCS paid Rs 73 per share in dividends and completed Rs 17,000 crore in share buyback during the financial year.
Experts also said the worst is behind for the company reeling under the IT sector slowdown, marked by slow discretionary spending in the US
India biz helps TCS post 9 pc jump in Q4 net profit; company says FY25 to be better
TCS Q4 Results Preview: TCS to release earnings for March with slight improvement expected. Analysts monitor core earnings, profitability, deal wins, and management outlook for FY25 closely after challenging quarters.