Answer Posted / raju

TDS(Tax duduction @ source) is tax deducted from partys &
the amount paid to the concern tax dept but TCS(Tax
Collection@ Source) is collected from partys & taken them
selves..


For Ex; TDS will be deducted from Lessor based on rent &
%,Contracter, Consultants etc..


TCS is colleceted from companys like Royaty paid to govt for
doing some work(mining)..

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