What is the difference between TDS and TCS?
Answer Posted / k sadashiva
tds means tax deducute some amount from the employee to company
tcs means tax collected from buyer to seller
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
Provision entry for current Year Income Tax A/c ----Dr To Income Tax Payable A/c Adjustment entry in next Year Income tax payable---Dr To bank A/c kindly tell me which head of income tax a/c and income tax payble a/c
80DD Dediction
My unit is a manufacturing unit and deals in Auto-parts and registered in Central Excise,Service Tax and Sales Tax. Now,we intend to import machines in the company for sale them in Local market.What procedures we have to follow for the aforesaid purpose?
what is the percentage of W.C.T T.D.S to deduct from vendor, and is this includes T.D.S deduction or again T.D.S has to deduct separately?
please explain what is actually E-15 what is its process and also what its importance.
What is excise & service tax? What is the difference?
how to calculate and submit to the concerned authority of pf,esi,pt. explaine?
Hellow this is ravindra wanted to know about excise duty rates pls suggest
Cenvat credit transaction journal entries. And what does the term reversal of credit means
if a item sale on cash bill which is under vat sechdule c local sale tax is 5% so what is the rate of CST without C Form
wct amount deducted by main company .that amount will be returned Subcontractor?If yes,how process is given me.
WHAT IS TAXATION?
WHAT IS THE PROVISION OF TDS RECEIVABLE AT THE TIME OF YEAR ENDING GIVE THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com
The value of the tax invoice is lesser than the value on the state permit. Is this acceptable.
What are the treatment & implications in case interstate sales transaction if party is not registered (Individual or other then individual)