WHAT IS DIFFERENCE BETWEEN TDS AND TCS?

Answer Posted / satish kumar jha

tds- tax deduction at sources, it will be deucted at the
time of payment ot the contractor-vice versa

tcs- tax colletionm at sources, it wii be received at the
time of received of payment from debtors

Is This Answer Correct ?    14 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

while doing work in dolphin software when credit note is given by supplier to purchaser then purchaser is debited supplier account so on credit side which account is coming which account should be credited

1644


Is commodities transaction tax a permissible business expenditure? Explain

1736


how to calculate IT? if bank intrest:1036 , long term capital gain:448841 short term capital gain :894 , income from rent 225000, and income from other source 347478, Advance tax paid 25000,lic 101508, medicliam 6990 and tds recd.25000

1649


I am maintaing books of accounts a Software Co. Kindly advise me Account Head of these exps. (Software Exps.,Internet Exps., Video Exps.,Server Maint.Exps.,& SMS Exps.,) Thanks

1481


What is Split And buy-back?

2256






From the following find out a. Profit Volume ratio b. Break even point c. Sales for 40% P/V Ratio d. Margin of safety from the sales Rs 3,00,000 e. Net profit from the sales of Rs 3,00,000 f. Required sales for the new profit of Rs 70,000 g. Required sales for the net profit of Rs 70,,000 after tax, the corporate income tax being 40% h. Additional sales required to convert an increase of Rs 3000 p.a. in the sales manager salary Sale 2,00,000 Variable Overheads 1,50,000 Profit 50000 Fixed overheads 15000 Net profit 35000 Sl No Heads of Account Debit Rs Credit Rs 1 Drawing and Capital 750 15,000 2 Stock as on 01.01.2009 69720 3 Bills Receivable and bills payable 1000 1180 4 Returns 300 320 5 Purchases and Sales 4500 8300 6 Wages 70 7 Discount 30 8 Salaries 200 9 Canara Bank Shares 3000 10 Insurance 120 11 Building 3000 12 Furniture 700 13 Debtors and Creditors 600 1300 14 Cash in Hand 470 15 Overdraft at bank 900

1658


1. The controlling department wants to see depreciation amount on internal orders. Which customizing setting do you need to make in asset accounting?(any 3 answer) Make the internal order in active assignment object. Make the internal order an account assignment object for the depreciation run. Set the field internal order to required or optional in the screen layout. Enhance relevant transfer variant by adding the field internal order. Assign the field internal order to account determination.

2367


what is debit/credit note ? what deffered income and expencess?

2309


what is the meaning of (PDD’s, DOD’s, CFR’s,) based on understanding of the business process

1866


Why do you want to work with us

1857


Short answer on Allowances

1513


1. what is responsibility of inword & forward agent ? 2. how to control cash expenses give five step ? 3. what is Vat 3. how many type of depreciation

1584


what happens to each of the three primary financial statements when capital expenditures decrease?

1594


please tell me short cut method in maths as well as in english for correcting the error for the post of clerck in bank exam

1856


SOUTH ATLANTIC OIL AND GAS INC.is a fraud company

1638