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1- what is cash flow and fund flow
2-Defference between TDS and TCS
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Answer / raju
TDS(Tax duduction @ source) is tax deducted from partys &
the amount paid to the concern tax dept but TCS(Tax
Collection@ Source) is collected from partys & taken them
selves..
For Ex; TDS will be deducted from Lessor based on rent &
%,Contracter, Consultants etc..
TCS is colleceted from companys like Royaty paid to govt for
doing some work(mining)..
| Is This Answer Correct ? | 0 Yes | 1 No |
Tds means tax deduction at source tds amount is deducted
from the amount of income. For eg: if I want pay rent to
arush & Co. Rs.20000 so I am not paid full Rs.20000 to
arush & co. I am pay the amount to arush & co. after the
tax amount deduct.
Tcs means tax collection at source tax is collected by the
person who pay expense & in case of tds tax is deducted by
the person who is taking income
| Is This Answer Correct ? | 1 Yes | 5 No |
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