TCS reports net profit of 9% in Q4FY24 to Rs 12,434 crore
With this growth, the company's consolidated net profit spiked to Rs 12,434 crore, compared to Rs 11,392 crore for the corresponding quarter of the previous year.
The government has postponed the provision relating to Tax Deduction at Source and Tax Collection at Source under the GST, ahead of its July 1 roll-out.
This has been done to provide more time for persons liable to deduct tax at source and e-commerce companies and their suppliers to prepare for the historic tax reform.
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