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Doing Business In
India

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Contents
 O u t s o u r c i n g
 A b o u t T h e I n d u s t r y
 I t ’s N e e d F o r O u t s o u r c i n g
 R e v e n u e E x p e c t a t i o n s
 B u d g e t
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Outsourcing
What Is Outsourcing ?
 Outsourcing is the business practice of hiring a party outside a company to perform
services or create goods that were traditionally performed in-house by the company’s
own employees and staff . Outsourcing is a practice usually undertaken by
companies as a cost cutting measure.
Explanation Of Outsourcing
 Outsourcing is a business practice in which a company hires a third-party to perform
tasks, handle operations or provide service for the company.
The third party company arranges its own workers or computer systems to perform
the tasks or services either on site at the hiring company’s own facilities or at external
locations. Companies today can outsource a number of tasks or services. They often
outsource information technology services, including programming and application
development as well as technical support. They frequently outsource customer
service and call service functions. They can outsource other types of work as well,
including manufacturing processes , human resources tasks and financial functions
such as book-keeping and payroll processing.
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About The Industry
TCS is an Indian multinational information technology (IT)
services and consulting company with its headquarters
in Mumbai. It is a part of the Tata Group and operates in
150 locations across 46 countries. TCS is the second
largest Indian company by market capitalization and is
among the most valuable IT service brands worldwide
.TCS is an IT company which provides IT services to its
clients .The company is huge and the client base ranges
from small private companies to government
organizations to the largest companies in the world.
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It’s Need For Outsourcing
 R e d u c e s a d m i n i s t r a t i v e b u r d e n s
 F o c u s o n s t r a t e g i c a r e a s
 R e d u c e c o s t s
 F o c u s o n c o r e f u n c t i o n s
 A c q u i r e n e w s k i l l s
 A c q u i r e b e t t e r m a n a g e m e n t
 A s s i s t a f a s t g r o w t h
 Av o i d l a b o u r p r o b l e m s
 F o c u s o n S t r a t e g y
 Av o i d m a j o r i n v e s t m e n t s
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Revenue Expectation
The company had recorded a consolidated net profit of Rs 9,624 crore
during the corresponding period of last financial year when its
consolidated revenues stood at Rs 46,867 crore. TCS had registered a
PAT of Rs 9,478 crore during April to June 2022 period on revenue of Rs
52,758 crore.
Analysts believe strong deal execution and robust contracting activity
augurs well for the company. “Despite the macro challenges in Europe,
contracting activity remains strong for TCS, with the likes of M&S, Boots,
Nokia and Zurich Insurance,” HDFC Securities noted.
Analysts expect constant currency growth of 3.5 percent on a quarterly
basis Tata Consultancy Services: Tata Consultancy Services to be in
focus ahead of September FY23 quarter earnings. The company will be
in focus ahead of September FY23 quarter earnings. With expectations
of a ‘resilient’ quarterly performance from IT companies, bellwether Tata
Consultancy Services (TCS) is all set to kick start Q2FY23 earnings
season on October 10.
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Budget
Every annual budget brings some new changes for the tax
professionals and taxpayers all over India. These changes
influence the life of every taxpayer in one way or another. From
Macro-economist, Income tax professionals, and middle-class
taxpayers all wait for these amendments and analyze carefully
how these changes are going to affect them
Updated TCS In Budget 2021 For FY 2021-22 And AY 2022-
23New TCS rates have been introduced on the sales of certain
goods for the FY 2021-22 and AY 2022-23. We are giving you
detailed information of the new TCS in budget 2021 along with
their TCS section they fall under and the TCS deposit challan
code in the Next table.
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Budget
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TCS Deposit
Challan Code
TCS Section Sales Of Goods TCS Rate
6CF 206C(1C) On the purchase of
parking lot
2%
6CG 206C(1C) On the purchase of
toll plaza
2%
6CH 206C(1C) On the purchase of
mining and quarrying
and other operations
2%
6CI 206C(1) On the purchase of
Tendu Leaves
5%
6CJ 206C(1) Minerals, being Coal
or Ignite or Iron ore
1%
6CK 206C(1D) On the purchase of
bullion and Jewellery
NIL
6CL 206C(1F) On the purchase of
motor Vehicle by any
mode of payment
1%

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Thanking You
Team – 11
 Rashi Jain
 Devansh Harlalka
 Farihah
 Manoj K
 Anshul