Answer Posted / 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.
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