Tcs
This query is : Resolved
16 February 2014
Dear Expert
what is the necessity of TCS? why it is not possiable to add as TDS?
what is the necessity of TCS? why it is not possiable to add as TDS?
16 February 2014
TDS stands for Tax Deducted at Source. It is a deduction from payments that fall within its ambit.
TCS stands for Tax Collected at Source which is collection along with payment received. Though they both have same function but different name is because of different nature of transactions.
TCS stands for Tax Collected at Source which is collection along with payment received. Though they both have same function but different name is because of different nature of transactions.
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