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what is majore differance between TCS & TDS

Answers were Sorted based on User's Feedback



what is majore differance between TCS & TDS..

Answer / manoj devda

TDS is related to income tax dedcuted from the payment made
at source.where as TCS is related to the tax collection
from the sale of particular products.

Is This Answer Correct ?    11 Yes 0 No

what is majore differance between TCS & TDS..

Answer / sankeerthana

My dear friends both TDS and TCS are same It is tax
collected on behalf of the Govt from the assessee.
Tcs.It is the Advance collection of Tax at the time sale of
certain notified products Those are Forest produce
TDS it is the advance tax collection from the assessee at
the time of payment made on some specified payments
Ex.Deduction of advance tax while making payment to contractor

To know more explanations and exclusive topics pl visit my
favourite site http://www.therealaccountants.com

Is This Answer Correct ?    1 Yes 0 No

what is majore differance between TCS & TDS..

Answer / anil

TDS-IS A CURRENT ASSETS
TCS-IS A LAIBLITIES

Is This Answer Correct ?    1 Yes 1 No

what is majore differance between TCS & TDS..

Answer / mittaldn@allinterview.com

tcs charge in the invoice and tds deducted from contractor

Is This Answer Correct ?    2 Yes 4 No

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