TCS of 5% is deducted only on the amount above 7 lakhs. For example, if you remit Rs 15 lakh in FY 2021, 5% will be calculated on the amount exceeding the existing threshold i.e. – 8 lakhs.
With polls suggesting Democratic candidate Joe Biden extending his lead over President Trump, markets are beginning to digest the possibility for the same after their first debate.
The longest losing streak in a year has pulled down S&P 500 by 5.8 percent for September. Tech stocks continued their weak performance dragging down Nasdaq Composite before Friday’s relief rally.