Tcs
This query is : Resolved
04 March 2014
please refer http://www.incometaxindiapr.gov.in/incometaxindiacr/ppt_html20081017/TDSTutorial/TDStrial10.html
05 March 2014
TDS is withheld and paid by buyer....TCS is collected and paid by seller...are two different things.
the logic to go for TCS is that the buyers generally are large in number for these items and it would be difficult to apply TDS regulations on such buyer. So for ease the responsibility is cast on the seller.
the logic to go for TCS is that the buyers generally are large in number for these items and it would be difficult to apply TDS regulations on such buyer. So for ease the responsibility is cast on the seller.
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