Tcs calculation process
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 November 2017
Tendu Levaes Value-10000.00
IGST@18%-1800.00
Total Bill Value-11800.00
TCS @ 5%-590.00
Is this Correct??
IGST@18%-1800.00
Total Bill Value-11800.00
TCS @ 5%-590.00
Is this Correct??
29 November 2017
Yes... Exactly Correct...
Message likes :
1 times
29 November 2017
Raja Ji are you sure because as per me TCS to be deducted in Rs.10000 @ 5% = Rs.500.
Correct me if I am wrong
30 November 2017
My Dear Brother...
TCS ll be calculate for total Billed amount with taxes...
TCS & TDS have the small difference that's all...
Message likes :
1 times
30 November 2017
I had mixed TCS with TDS, so I was confused.
Thanks for the reply
30 November 2017
You are most welcome Dear...
How is Your exams...?
30 November 2017
Good but rest depends with ICAI
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