Difference between tds & tcs
This query is : Resolved
16 June 2015
Hi Professional colleagues,
Can any one explain me the difference between TDS & TCS, with example
Thanks in advance,
Charan
Can any one explain me the difference between TDS & TCS, with example
Thanks in advance,
Charan
17 June 2015
https://www.caclubindia.com/experts/difference-btween-tcs-and-tds-877330.asp#.VYB0OPmqqkp
Check out from above link.
Check out from above link.
17 June 2015
TDS and TCS Rates for FY 2015-16, AY 2016-17 may be seen from link given below:
https://www.simpletaxindia.net/2015/04/tds-rate-chart-fy-2015-16-ay-2016-17-tds-due-date-chart-fy-2015-16.html
https://www.simpletaxindia.net/2015/04/tds-rate-chart-fy-2015-16-ay-2016-17-tds-due-date-chart-fy-2015-16.html
Soumitra Basu
(Expert)
19 June 2015
TDS - TAX DEDUCTED AT SOURCE MEANING THEREBY THAT YOU HAVE TO DEDUCT TAX ON A SPECIFIED RATE AT THE TIME OF PAYMENT OF THE SPECIFIED SUM VIZ. INTEREST ON LOAN.
TCS - TAX COLLECTED AT SOURCE MEANING AT THE TIME OF SALE YOU HAVE TO COLLECT TAX FROM THE PURCHASER VIZ. SALE OF TIMBER.
TCS - TAX COLLECTED AT SOURCE MEANING AT THE TIME OF SALE YOU HAVE TO COLLECT TAX FROM THE PURCHASER VIZ. SALE OF TIMBER.
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