TCS.NSE

Tata Consultancy Services

Representational Image New Delhi, March 31 : As India approaches the new fiscal year FY27, the country’s direct tax system is set for a major overhaul from April 1, 2026, with the new Income Tax Act, 2025, coming into force -- replacing the six-decade-old 1961 legislation and introducing changes in compliance, terminology and taxation. Major reform under the new framework is the replacement of the 'Financial Year' (FY) and 'Assessment Year' (AY) with a single 'tax year', which could simplify the filing process and improve clarity for taxpayers. Moreover, the timelines for filing income tax returns have also been revised, while July 31 deadline remains unchanged for salaried individuals, non-audit cases such as self-employed taxpayers and professionals will now have time until August 31 to file their returns. The cost of trading in derivatives will rise as the Securities Transaction Tax (STT) has been increased across futures and options -- which was announced by Finance Minister Nirmala Sitharaman.

Unlike cricket, India’s IT services industry is groaning under a weakening bench strength. The bench strength for IT services, long seen as a safety net in industry, has shrunk by a quarter and is unlikely to be filled up even if growth picks up. Across Tata Consultancy Services, Infosys, Wipro, HCLTech, and Tech Mahindra, the bench has reduced by roughly 75,000 people over the past two years, falling from around three lakhs to about 2.25 lakh, industry experts told ET.

AMD's new Helios GPU platform will start rolling out globally, including India, in the second half of 2026. This move aims to meet the growing demand for Artificial Intelligence and support the expansion of data centers. AMD is partnering with TCS to build AI-ready infrastructure.

Congress leader says original decision to award the contract to Tata Consultancy Services (TCS) for ₹206 crore was cancelled and a fresh tender was invited under mysterious circumstances