TDS

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Amit Gahlawat

Amit Gahlawat (Querist)

27 June 2017 what is difference between TDS and TCS.

Ashiwini Ballodia

Ashiwini Ballodia (Expert)

27 June 2017 TDS is deducted for payment or booking of expenses but TCS is deducted at the time of sales

Nischit Sanghavi

Nischit Sanghavi (Expert)

27 June 2017 Alcoholic liqour for human consumption 1% Tendu Leaves 5% Timber obtained under a Forest Lease 2.5% Timber obtained by any mode other than Forest Lease2.5%Any other Forest produce not being forest timber or tendu leaves2%Scrap1%Parking Lot, Toll Plaza, Mining and Quarrying2%Minerals being Coal or Lignite or Iron ore (applicable from 1st July 2012)1%Bullion if consideration exceeds Rs. 2 Lakhs or jewellery, if consideration exceeds Rs. 5 Lakhs (and any amount is received in ca sh) (applicable from 1st July 2012)1%Sale of Cars (both new and old) if Sale is above Rs. 10 Lakhs (applicable from 1st June 2016)1%Providing any service (other than payments on which TDS has been deducted) exceeding Rs. 2 Lakhs1%Sale of any Goods in Cash exceeding Rs. 2 Lakhs1%

Nischit Sanghavi

Nischit Sanghavi (Expert)

27 June 2017 above are applicable for TCS

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

17 October 2021 https://www.canarahsbclife.com/blog/tax-saving/what-is-the-difference-between-tds-and-tcs.html

https://www.aegonlife.com/insurance-investment-knowledge/difference-between-tds-and-tcs/

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