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what is the deffirent between TDS & TCS
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Answer / vinay
tax deducted at source and tax collected at source
| Is This Answer Correct ? | 32 Yes | 5 No |
Answer / lahu
TDS means Tax Deducted At Source , this is indirect taxtion
heads of income tax like Professionl Fees, Interst from
other, Winning from Lottries ticket, and More of then. and
Tcs is also Indirect tax paid to goverment This tax
calucated at Source. and this calcuted on Timer,forest
Lease and more than.
| Is This Answer Correct ? | 15 Yes | 0 No |
Answer / umashankari.r
TDS stands for tax deducted at source which means when ever
an individual or a firm , company receives a income through
any source they are liable to pay some prescribe percentage
as per goverment prescribed.
TDS is claming thing. we can pay and we can claim.
TCS stand for tax collected at source , it is levy by the
seller to the buyer, normally the government properties
come for lease or auction, under tcs.
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / pooja
TDS is an indirect tax. It's full Form is tax deducted at sources and It is deducted by the seller or the person who pays money exa:-Rent,Salary etc.They deduct the tds of buyer or receiver of money.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / vinay
tax collected at source and tax collected at source
| Is This Answer Correct ? | 6 Yes | 32 No |
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Company Should deduct TDS or not if a company calls a Saint (Sadhu/Mahatma) for a programme like Pravachan/ Katha/ Pooja ETC ??? If yes then Tax Rate ??? Pl reply in detail with reason of deduction.
Audit 
