Diff.

This query is : Resolved 

27 September 2012 What is diff bitween tds and tcs

27 September 2012 TDS means tax deducted at the time of payment/credit to vendor.

TCS means tax collected at the time of sale to customer. eg. scrape, etc

27 September 2012 TDS- deducted by payee while payment or credit as the case may be
TCS - collected by reciever while getting payment


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