TCS on WebNotes

How to track TCS on foreign remittance for mutual fund purposes

Tue, 19 May 2026 00:00:00 +0000

TCS (Tax Collected at Source) on LRS foreign remittance was introduced to track international transactions and prevent tax evasion. For investment purposes (foreign stocks, mutual funds), 20% TCS applies on remittance above Rs 10 lakh per FY. TCS is a pre-paid tax; claim as ITR credit and recover refund if your total tax is lower.

Conflict-of-interest disclosure. This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with any bank or AMC. No affiliate commission is earned. For substantial international transactions, consult a CA familiar with LRS / cross-border tax.

PPFAS view on technology stocks

Sat, 16 May 2026 00:00:00 +0000

The PPFAS view on technology stocks is the body of investment reasoning through which PPFAS Mutual Fund has built and maintained substantial positions in technology-sector equities at the Parag Parikh Flexi Cap Fund , spanning both the foreign-core technology allocation in US-listed mega-cap technology and consumer-digital franchises (Alphabet at PPFCF , Microsoft at PPFCF , Amazon at PPFCF , Meta Platforms at PPFCF ) and the Indian information-technology services holdings at Infosys Limited, Tata Consultancy Services Limited, HCL Technologies Limited and Persistent Systems Limited. The technology-sector view is structurally consistent with the broader PPFAS investment philosophy of value investing , margin of safety , focused portfolio construction and the owner mindset framework.

TCS at PPFCF

Sat, 16 May 2026 00:00:00 +0000

Lead

Tata Consultancy Services Limited (TCS) is among the periodic Indian-IT-services holdings of the Parag Parikh Flexi Cap Fund (PPFCF). The position has appeared in PPFCF factsheet portfolio listings across multiple cycles, alongside other technology-sector holdings such as Infosys at PPFCF , HCL Technologies at PPFCF and Persistent Systems at PPFCF .

The TCS thesis combines several elements of the broader PPFAS investment philosophy . First, competitive-advantage: TCS is India’s largest IT services company by revenue and market capitalisation, with the deepest client relationships, the broadest service portfolio and the largest delivery footprint among Indian IT-services peers. Second, scale economics: TCS’s revenue base supports investments in proprietary platforms, AI capabilities and bench strength that smaller peers struggle to match. Third, disciplined valuation-driven entry: the team has typically built or added to the position during cyclical compression windows when valuations have moved below long-term averages.

International fund of funds vs direct foreign brokerage for overseas investing

Tue, 12 May 2026 00:00:00 +0000

Indian investors seeking exposure to overseas equity markets, primarily US equities (S&P 500, Nasdaq) and international indices, can access them through two primary regulated channels: international mutual fund of funds (FoFs) offered by Indian AMCs, or direct foreign brokerage accounts maintained under the RBI’s Liberalised Remittance Scheme (LRS).

Both channels allow Indian resident individuals to invest in foreign equity markets, but differ substantially in regulatory framework, tax treatment, transaction process, limits, and cost.