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What is TCS?
Are the rates of TDS and TCS same??

Answer Posted / ramamurthy

TCS means tax collection at source which is liable on sales
of scrape (which is not useable).
Rate of TCS is 1% and 3% cess of the income is not greater
than 1 crore & 1% TCS 10% surcharge and 3% Cess ifincoem is
more than 1 crore.

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