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what is majore differance between TCS & TDS

Answer Posted / 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

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