TCS and Infosys, Both under the Scan of Income Tax Department

TCs and Infosys, Both under the Scan of Income Tax DepartmentAs per latest media reports, Tata Consultancy Services which is among the IT majors in India, has been under the scanner of taxman. The company has been under tax net for something often called “body shopping”. But according to TCS chairman Mr. Ratan Tata, they have not received any communication in regard to forking out of additional taxes from the country's Income-Tax Department.

Maruti and Tata’s Sales Down in June

Maruti and Tata’s Sales Down in JuneMaruti Suzuki and Tata Motors sales are at low this season the blame can be shifted to the inflation factor, increased fuel prices, or the new launches from Toyota and Ford.

News from the IT Sector

News from the IT SectorThere is a lot of hustle bustle going on in the IT sector. The Income-Tax Department has started the investigation on Tata Consultancy Services (TCS) for declaring tax benefits for ashore services. Earlier, Infosys and Wipro were under the department’s scrutiny.

TCS will be facing tax surveillance for Body shopping, alike Infosys and Wipro. A report stated, “Income-Tax Department has sent TCS a scrutiny notice claiming tax benefits for onshore services. Onshore software services account to nearly 45% of TCS' $8-billion revenues”.

Euro Pacific Security Ltd. Bought 22% Stake Held by Essar's Mauritius Arm

Euro Pacific Security Ltd. Bought 22% Stake Held by Essar's Mauritius ArmOn Friday, the Chairman of Central Board of Direct Taxes (CBDT), Prakash Chandra, notified that Euro Pacific Security Ltd, subsidiary of Vodafone, has reserved its application from Authority of Advance Ruling where it had disputed the withholding tax demand invoking immunity, under the Double Taxation Avoidance Agreement with Mauritius.

Buying Kronic without Producing a Medical Prescription is Illegal in New Zealand

Buying Kronic without Producing a Medical Prescription is Illegal in New ZealandPeople of New Zealand were annoyed with the carefree attitude of the Health Minister Peter Dunne on the issue of increasing popularity of synthetic cannabis Kronic with the children of the region.

Botox Probably the New Aid for Asthma Patients

Botox Probably the New Aid for Asthma PatientsAccording to reports, Botox which is used to fight against wrinkles, and make the face look younger may be the next aid in eradicating the symptoms of Asthma.

The concept has to do with Botox ‘relaxing the muscle that controls the voice box, possibly making it easier for these patients to breathe’.

Monash Medical Centre in Australia has stated that Botox will be sampled on asthmatic patients, having issues with their voice box, and can go in to ‘spasm’.

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Suzlon Energy Share Price Target at Rs 65: Deven Choksey Research

Deven Choksey Research has reiterated a BUY rating on Suzlon Energy Ltd ahead of its Q1FY27 results, setting a revised target price of Rs 65 — a 22% upside from the current market price of Rs 53.

Buying Used Cars in Dubai? OneClickDrive, DubiCars, CarSwitch and dubizzle Emerge as Top Platforms

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Deven Choksey Suggests BUY for Bajaj Housing Finance with Share Price Target at Rs 109

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