Accounts
This query is : Resolved
lakshmiswetha
(Querist)
29 October 2010
Dear Sir,
Wht is diffeence between TCS & TDS
wht are tax slab charges
wht is service tax?taxed on which goods
Wht is diffeence between TCS & TDS
wht are tax slab charges
wht is service tax?taxed on which goods
29 October 2010
Sir, do you think it is possible to reply all the question at ones. But I can make you small help.
TDS - Tax deduction at source against payment as per IT act .
TCS - Tax collection at source against receipt as per IT act.
Tax Slab - this is big list so it will be better to see the IT act.
Service tax - it is payable on various service by service provider ( in some case by service receiver also). There is big list of services , lot exemption , it can not be covered under reply, You have to read the book.
TDS - Tax deduction at source against payment as per IT act .
TCS - Tax collection at source against receipt as per IT act.
Tax Slab - this is big list so it will be better to see the IT act.
Service tax - it is payable on various service by service provider ( in some case by service receiver also). There is big list of services , lot exemption , it can not be covered under reply, You have to read the book.
CA. Chikkerur C R
(Expert)
29 October 2010
TDS & TCS are mode of recovery of tax. Section 192 to 195 of Income tax deals with this. Its vast topic & Each section is applicable to particular kind of transactions & payments
Service tax is tax on service & its indirect tax. Taxed on taxable service as per act
Service tax is tax on service & its indirect tax. Taxed on taxable service as per act
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
