According to May notification, credit card payments abroad would've attracted 20% tax collected at source. New rate on other foreign transactions to apply only if it exceeds Rs 7 lakh, says govt.
The 10-year contract, signed in early 2018, involved TCS working with Transameria to enable the digitization of more than 10 million policies into a single integrated platform.
Attempts are being made to link TCS with the tax deducted from taxpayers’ salaries. The CEA also backs the govt’s rationale for raising TCS rate to 20%
Prior to the clarification, all such non-medical, non-educational transactions would've attracted 20% TCS from 1 July. Govt imposing TCS on foreign credit card spends was widely criticised.
TCS began as a management & tech consultancy before Kohli turned its focus to software development, earning him the sobriquet 'father of India’s IT industry'.
Vivek Rae committee highlighted the deficiencies that persist even today: Fragmented authority, weak accountability, and the absence of dedicated acquisition cadres.
New CPI series will take 2024 as base year, will provide more accurate measure of inflation, spending on digital services. Expected to enhance representation and reliability, says Saurabh Garg.
In a chat with ThePrint newsroom, French Ambassador Thierry Mathou indicated talks are on between French firm Safran & Indian govt for joint design & manufacture of AMCA engine.
On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.
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