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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
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