The Income Tax Department has sent demand notices to 30,000-40,000 TCS employees over discrepancies in their TDS claims due to a software glitch. The company is working with tax authorities to resolve the issue and has advised employees not to make any payments until further instructions are provided.
Related Posts
India’s oil-product exports soar amid refinery shutdowns in Europe
India’s clean oil-product exports surged to their highest since March 2022, driven by increased demand from Europe and Africa due to refinery shutdowns. In September, […]
Sensex dives 836 points as Trump euphoria settles
The Sensex plummeted 836 points as the post-US election euphoria faded, dragged down by foreign investors offloading Indian equities. Disappointing quarterly results from Indian companies […]
HDFC Bank Q2 profit jumps 5% to Rs 16,821 crore
HDFC Bank Ltd., India’s largest private sector lender, recorded a 5% increase in net profit for the quarter ending September 30, 2021, reaching Rs 16,821 […]