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What is the difference between TDS and TCS?

Answer Posted / raj

TDS means tax deducted at source in which tax is deucted on
that amount that company's pays from its profit and it is
shown getting submitted IT return
TCS means tax collected at source inwhich tax is collected
from the various sources for paying tax from there services
has been provided

Is This Answer Correct ?    78 Yes 42 No



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