tcs share price,what is tcs tax,what is tcs nqt,tcs nextstep

 

Tata Consultancy Services Limited (TCS): A Comprehensive Overview

Introduction

Tata Consultancy Services Limited (NSE: TCS) is a global leader in information technology (IT) services, consulting, and business solutions. Founded in 1968, TCS operates in multiple sectors, including Banking, Financial Services and Insurance (BFSI), Manufacturing, Consumer Business, Communication, Media and Technology, Life Sciences and Healthcare, and more. With a workforce of 601,546 employees, TCS has established itself as a pioneer in delivering cutting-edge solutions worldwide.

Stock Performance and Market Insights

Current Statistics

• Stock Price: INR 4,095.00 (as of January 6, 2025)

• Market Cap: INR 14.82 trillion

• Revenue (TTM): INR 2.49 trillion

• Net Income (TTM): INR 474.41 billion

• EPS (TTM): 130.82

• PE Ratio: 31.30

• Forward PE: 28.59

• Dividend: INR 75.00 (1.83% yield)

• Ex-Dividend Date: October 18, 2024

Trading Range

• Day's Range: INR 4,066.40 - 4,149.65

• 52-Week Range: INR 3,591.50 - 4,592.25

• Beta: 0.51

Volume and Earnings

• Volume: 2,085,342

• Open: INR 4,105.50

• Previous Close: INR 4,099.90

• Earnings Date: January 9, 2025

Financial Highlights

TCS reported a revenue of INR 2.41 trillion in 2023, marking a 6.85% increase compared to the previous year. Net earnings rose by 8.92%, reaching INR 459.08 billion. These consistent growth patterns demonstrate TCS's strong financial foundation and resilience.

Recent Developments

Strategic Partnerships

1. Bank of Baroda Collaboration - TCS has extended its partnership with Bank of Baroda to enhance financial inclusion.

2. Landis+Gyr Partnership - Collaborating on next-generation energy efficiency solutions.

3. Telenor Denmark - Expanded partnership for IT infrastructure services.

4. Bank of Bhutan - Modernizing the bank's digital infrastructure.

5. IIT Kharagpur Collaboration - Focused on research in digital health, robotics, and AI-driven solutions.

Key Announcements

• Dividend Consideration: A board meeting scheduled for January 9, 2025, will discuss Q3 FY25 results and consider a third interim dividend.

• Hiring Plans: TCS plans to exceed its hiring target of 40,000 fresh engineering graduates for FY26, reflecting growth optimism.

• Cybersecurity Outlook 2025: Emphasis on GenAI, Cloud Security, and 'Zero Trust' frameworks.

Stock Market Performance

Despite minor fluctuations, TCS has shown stable growth trends. With a 52-week high of INR 4,592.25 and a low of INR 3,591.50, investors continue to view TCS as a reliable choice in the IT sector.

Analyst Insights

• Macquarie: Retained an outperform rating with a price target of INR 5,710.

• HSBC: Recently downgraded TCS to "Hold," citing competitive pressures.

• Market Sentiment: Analysts maintain a long-term bullish outlook driven by TCS's robust performance and strategic expansions.

Industry Overview

TCS operates in the Information Technology Services industry under the Technology sector. It remains a market leader with diversified services and global reach.

Future Prospects

TCS is set to announce Q3 FY25 results on January 9, 2025, which could impact short-term stock performance. Long-term growth is fueled by strategic collaborations, consistent financial growth, and a focus on emerging technologies like AI and cloud computing.

Conclusion

Tata Consultancy Services Limited continues to dominate the IT services sector with its strong financials, strategic partnerships, and innovation-driven approach. Investors seeking stability and growth should keep a close watch on TCS's upcoming earnings report and market performance.

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Disclaimer: This blog is for informational purposes only and should not be considered financial advice. Please consult with a financial advisor before making investment decisions.

Tax Collected at Source (TCS): Rates, Payment, and Exemption

Introduction to Tax Collected at Source (TCS)

Tax Collected at Source (TCS) is a tax mechanism under the Indian Income Tax Act designed to ensure compliance at the initial point of sale. It mandates that sellers collect tax from buyers during transactions and deposit it with the government. TCS primarily targets business and trading activities, aiding in effective tax tracking and management.

This blog provides a comprehensive guide to TCS, covering its rates, payment process, exemptions, and key updates.

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Table of Contents

1. What is Tax Collected at Source (TCS)?

2. Who Can Collect TCS?

3. When Should TCS be Collected?

4. TCS Rates for Specific Goods

5. Higher TCS Rates Application

6. Classification of Sellers and Buyers

7. Example of TCS Calculation

8. TCS Payments and Returns

9. TCS Certificate

10. TCS Exemptions

11. TCS Provision under GST for E-commerce Sales

12. TCS Provision in Foreign Remittance Transactions

13. Submission of Form 24G

14. Interest and Penalties

15. Differences Between TCS and TDS

16. TCS Return Filing Due Date

17. FAQs

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Budget 2024 Update

As per Budget 2024, 1% TCS is levied on luxury goods exceeding INR 10 lakhs. This aims to ensure high-value transactions contribute fairly to tax revenues.

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What is Tax Collected at Source (TCS)?

TCS is a tax collected by the seller from the buyer during the sale of specified goods, governed by Section 206C of the Income-tax Act. For instance, if a product costs INR 100 and TCS is 20%, the buyer pays INR 120. The seller then deposits the TCS with tax authorities.

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Who Can Collect TCS?

Eligible sellers include:

• Central and State Governments

• Local Authorities

• Statutory Corporations

• Companies under the Companies Act

• Partnership Firms

• Co-operative Societies

• Individuals or HUFs audited under the Income-tax Act

A buyer is any individual obtaining specified goods through sale, auction, or tender.

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When Should TCS be Collected?

TCS must be collected:

• When the seller debits the buyer's account.

• Upon receipt of payment.

For motor vehicles, TCS is collected at the time of receiving payment.

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TCS Rates for Specific Goods

Goods/Transactions	TCS Rate
Alcoholic liquor	1%
Timber wood under forest lease	2.5%
Tendu leaves	5%
Scrap materials	1%
Minerals like lignite, coal, and iron ore	1%
Motor vehicles exceeding INR 10 lakh	1%
Parking lots, toll plazas, and mining	2%
Sales over INR 50 lakh with turnover >10 Cr	0.1%

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Higher TCS Rates Application

Under Section 206CCA, higher rates apply if:

• Buyer hasn’t filed ITR for the last two years.

• ITR filing deadlines have expired.

• Total TCS and TDS exceed INR 50,000 in each year.

Higher Rate: 2 times the specified rate or 5%, whichever is higher.

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Classification of Sellers and Buyers

Sellers:

• Government Authorities

• Corporations and Companies

• Partnership Firms

• Co-operative Societies

Buyers Exempted:

• Public sector companies

• Government entities

• Foreign embassies

• Clubs and associations

• Manufacturers using goods for production (with declaration)

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Example of TCS Calculation

Example: A car worth INR 11 lakh attracts 1% TCS.

• TCS = INR 11,000

• Total Payable = INR 11,11,000

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TCS Payments and Returns

• Deposits: TCS must be deposited via Challan 281 within 7 days of collection.

• Returns: Quarterly returns filed using Form 27EQ.

• Interest: Late deposits incur 1% monthly interest.

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TCS Certificate

A TCS certificate (Form 27D) must be issued within 15 days of filing returns. It includes:

• Seller and buyer details

• TAN, PAN, and TCS amount

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TCS Exemptions

• Goods for personal consumption

• Goods used for manufacturing or production (not trading)

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TCS Provision under GST for E-commerce Sales

• E-commerce platforms deduct 1% TCS (0.5% CGST + 0.5% SGST).

• Payment to the government must be made by the 10th of the next month.

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TCS in Foreign Remittance Transactions

• LRS transactions (excluding education and medical) are subject to 20% TCS, effective October 1, 2023.

• Taxpayers can claim deductions or refunds.

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Submission of Form 24G

Form 24G must be filed within 15 days of the following month (April 30 for March) if TCS is deposited without a challan.

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Interest and Penalties

• Late Payments: 1% per month or part thereof.

• Incorrect Returns: Penalty of INR 10,000–1,00,000 (Section 271H).

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Differences Between TCS and TDS

Aspect	TCS	TDS
Applicability	Collected at sale of specified goods	Deducted from payments like salaries and fees
Threshold Limit	Applies irrespective of limits	Threshold-based application
Responsibility	Seller collects and deposits	Buyer deducts and deposits

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Frequently Asked Questions (FAQs)

Q1. Is TCS collected on GST-inclusive amounts?
Yes, it is collected on the GST-inclusive amount.

Q2. What is the penalty for late filing of returns?
A fee of INR 200 per day (up to total TCS) is applicable.

Q3. Can incorrect filing attract penalties?
Yes, INR 10,000 to 1,00,000 may be imposed.

Q4. Is TCS refundable?
Yes, it can be claimed as a refund or credit.

Q5. Why was TCS introduced?
It prevents tax evasion in high-value transactions.

Q6. Is TCS deduction mandatory for foreign remittances?
Yes, under the Income-tax Act.

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Conclusion

TCS is an effective tax compliance mechanism ensuring transparency in financial transactions. From luxury goods to foreign remittances, TCS plays a pivotal role in managing tax liabilities. Stay updated with regulatory changes to avoid penalties and ensure seamless compliance.

Where Can You Find TCS Process for Business Continuity Management?

Introduction

Business Continuity Management (BCM) plays a vital role in safeguarding organizations against potential disruptions. It involves identifying risks, assessing their impact, and implementing strategies to ensure the seamless operation of business processes. The Targeted Control Set (TCS) process is a standardized framework designed for effective BCM implementation. In this article, we delve into the details of the TCS process and highlight the best sources to access it.

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What is the TCS Process for Business Continuity Management?

The TCS process for BCM is a systematic framework built around the ISO 22301 standard. It offers structured methodologies to develop, implement, and maintain a business continuity plan (BCP). With a focus on risk management, it ensures businesses can prepare for and recover from disruptions effectively.

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Where to Find the TCS Process for Business Continuity Management

You can access the TCS process for BCM through the following sources:

1. ISO 22301 Standard:

   • Provides detailed guidelines for risk assessment, business impact analysis, and continuity planning.

   • Sets the foundation for effective business continuity strategies.

2. Business Continuity Institute (BCI) Good Practice Guidelines:

   • Offers practical advice and frameworks for implementing BCM.

   • Serves as an essential resource for BCM practitioners.

3. Disaster Recovery Institute (DRI) International:

   • Provides training and certification programs specific to BCM.

   • Features resources and frameworks including the TCS process.

4. Industry-Specific Guidelines:

• Industries like finance, healthcare, and government outline specific BCM frameworks.

• Ensure compliance with sector-specific requirements.

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Key Components of the TCS Process for Business Continuity Management

Component	Description
Risk Assessment	Identify potential risks and evaluate their likelihood and impact.
Business Impact Analysis	Assess critical processes and their impact on organizational operations.
Business Continuity Plan	Develop strategies to mitigate disruptions and ensure operational continuity.
Implementation & Maintenance	Apply the plan and conduct regular testing and updates.
Monitoring & Review	Evaluate the plan's performance and identify areas for improvement.

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Benefits of Implementing the TCS Process for BCM

Implementing the TCS process provides several advantages, including:

• Reduced Risk: Proactively identifies and mitigates threats to operations.

• Improved Resilience: Ensures seamless operations even during disruptions.

• Enhanced Reputation: Demonstrates reliability and preparedness to stakeholders.

• Regulatory Compliance: Meets standards like ISO 22301 and industry-specific regulations.

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Conclusion

The TCS process for Business Continuity Management offers a structured and effective approach to safeguard organizations against disruptions. It is accessible through international standards like ISO 22301, professional guidelines from BCI and DRI, and industry-specific frameworks. Implementing the TCS process not only strengthens operational resilience but also ensures compliance and builds stakeholder confidence.

Stay prepared, reduce risks, and protect your business continuity with a robust BCM strategy grounded in the TCS process.

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Frequently Asked Questions (FAQs)

Q1. What is the TCS process for Business Continuity Management?

• It is a framework for assessing risks, analyzing impacts, and developing continuity strategies.

Q2. What is ISO 22301?

• ISO 22301 is an international standard providing requirements for Business Continuity Management Systems (BCMS).

Q3. Why is the TCS process important for BCM?

• It ensures businesses can withstand and recover from disruptions, improving resilience and compliance.

Q4. Where can I access BCM training and resources?

• Resources are available from BCI, DRI International, and ISO standards.

Q5. How often should a business continuity plan be reviewed?

• It should be reviewed regularly, especially after major organizational changes or disruptions.

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Leverage the TCS process to strengthen your organization’s resilience and ensure uninterrupted operations in the face of uncertainties.

TCS NextStep Registration Login Link For Freshers – nextstep.tcs.com

TCS NextStep Registration Login Link

Website: nextstep.tcs.com
Are you a fresher looking to kickstart your career with Tata Consultancy Services (TCS)? This guide will help you navigate the TCS NextStep Registration process for campus placements and job applications.

Table of Contents

1. TCS NextStep Application and Registration Process

2. Checking Registration Status

3. TCS NextStep Eligibility Criteria

4. How to Prepare for TCS NextStep Drive

5. Frequently Asked Questions

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TCS NextStep Application and Registration Process

1. Open the TCS NextStep Portal - Visit nextstep.tcs.com and click on Register Now.

2. Choose Your Stream - Select either IT (Information Technology) or BPS (Business Process Services).

3. Fill Out the Registration Form - Complete the form with personal details like Name, DOB, Email, and Mobile Number.

4. Remember Your Credentials - Save your Reference ID and Password for future logins.

5. Login Again - Use your Reference ID and Password to log in.

6. Submit the Application Form - Fill out the application form completely.

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How to Check if Successfully Registered?

1. Log in to the TCS NextStep portal: nextstep.tcs.com.

2. Click on Track my Application.

3. If the status shows Received Successfully, your registration is complete.

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TCS NextStep Registration Details

Organization	TCS (Tata Consultancy Services)
Qualification	Any UG or PG (BE, B.Tech, MCA, M.Sc, MBA, etc.)
Experience	Freshers
Industry	IT Industry
Job Roles	Trainee Engineers, Developers, Analysts, and more.
Work Location	Across India
Official Website	www.tcs.com

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TCS NextStep Eligibility Criteria

• Education Qualification - BE, B.Tech, MCA, ME, M.Tech, BCA, MBA, M.Sc, B.Sc, B.Com, M.Com, etc.

• Minimum Percentage - At least 60% marks in academics.

• No Backlogs - Candidates should not have any active backlogs.

• Work Experience - Freshers with up to 3 years of experience.

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How to Prepare for TCS NextStep Drive?

Study Materials:

• TCS Placement Papers

• TCS Aptitude and Reasoning Questions

• TCS Coding Questions

• Email Writing Samples

TCS conducts recruitment rounds covering aptitude, reasoning, coding, and communication skills. Be prepared with these materials to succeed.

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Procedure to Register/Login for TCS NextStep

1. Go to nextstep.tcs.com.

2. Click Register Now (if new) or Login (if registered).

3. Select your stream (IT or BPS).

4. Fill out personal details accurately.

5. Verify and submit the details.

6. Receive a confirmation email post-registration.

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Important Links

• TCS NextStep Registration Link - Click Here

• TCS NQT Mock Tests - Free practice tests for preparation.

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Frequently Asked Questions (FAQs)

1. How to register for TCS NextStep?
Visit nextstep.tcs.com and follow the registration steps mentioned above.

2. What details are required for login?
You need your Email/Reference ID and Password.

3. Who can register for TCS NextStep?
Graduates and Postgraduates from IT, Finance, HR, and other related fields.

4. What job roles are available through TCS NextStep?
Roles include Software Developers, Analysts, Java Developers, QA Testers, and more.

5. What is TCS Campus Commune?
TCS Campus Commune allows students to network, discuss topics, and stay updated about TCS events.

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Conclusion

TCS NextStep Portal is an excellent platform for freshers seeking IT job opportunities. The registration process is simple, and candidates can track their application status online. With adequate preparation, you can successfully clear the TCS selection process and land your dream job. Register today at nextstep.tcs.com and start your career journey!