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difference between tds and tcs

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(Querist)
24 March 2010 what is the difference between tds and tcs.
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Manish Soni

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Manish Soni (Expert)
24 March 2010 TDS= tax deducted at source is deducted in many cases whereas TCS tax collected at source is collected from opposite party in very few cases like liquor,timber,toll plaza,tendu leaves, scraps etc
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
24 March 2010 agree
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CA.Nikhil Gupta

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CA.Nikhil Gupta (Expert)
24 March 2010 agree
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
24 March 2010 AGREE
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
24 March 2010 Agree with Experts.
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