What is the difference between TDS and TCS?

Answer Posted / naina jain

Full form of TDS is tax deduction source it is the tax which
is deducted for the parties by company and it is a expense
for company.

Full form of TCS is tax collection source it is the tax
which have to be collected by company from other's and it is
a income for the company.

Is This Answer Correct ?    469 Yes 147 No



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