What is the difference between TDS and TCS?

Answer Posted / a.naveen

tds means tax deducute some amount from the employee to company
tcs means tax collected from buyer to seller

Is This Answer Correct ?    26 Yes 7 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how i get h form

1722


IF I RECD ANY BILL TOWARDS PRINTING OF FORMS, VOUCHERS AND ON SAME VAT IS CHARGED 5%, IS TDS IS ALSO APPLICABLE FOR THE SAME.

1421


I AM SAKTHIVEL,MY QUESTION IS 1.WHAT ARE THE LEDGER TO BE MAINTAINED FOR SERVICE TAX 2.KINDLY EXPLAIN WITH EXAMPLE FOR PURCHASE ALONG WITH SERVICE TAX 3.SALES ALONG WITH SERVICE TAX 4.IN TALLY E.R.P HOW I GROUP THE LEDGER 5.GIVE NECESSARY JOURNAL ENTRY FOR ALL SERVICE TAX RELATED TRANSACTION 6.ANY OTHER IMPORTANT NOTE U WISH TO INFORM ME 7.HOW I CROSS CHECK IT ### PLEASE HELP ME REGARDS SAKTHIVEL

1715


how to file returne?

2001


procedure to get Raw Material free of excise duty under Central Excise Act,

1390






How many types of vat categoryplease tell me all type of vat categories..............

1773


cgl2012 tier1 mein 62.50 marks they or mera naam TA wali list mein tha but mainey Auditor ko 1st prefernce choose kia tha tier2 mein maths mein 142 or english mein 104.50 marks aaye but fir bhi mera naam only list4 TA main tha or mujhey DEST typing test dena parha i want to know that agar main TA k liye typing test pass ahi kar pata to kya mujhey koi bhi post milegi. pls anybody knows tell me.

1632


How to calculate sales tax ?

1232


At present what is the rate of excise duty on sale of Weigh Bridge Machinery to out of state from Karnataka.

1975


Can we take rebate on Exports done before 6 years ? If no, why ? What can be done ?

1575


how to filing rt-1

1629


i want about TDS full details with Limit,Rate and Entry in Tally ?

1905


what data require for liability calculation under work contract tax composition scheme and regular method.

1663


Dear Sir/Mam Please send me a return under delhi vat for learning purpose Thank & Regards Sonu Kumar

1521


is it necessary to use form38 in UP for purchase of goods from outside UP @5%CST Tax

1768