Tds and tcs
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 May 2013
what is difference between TDS and TCS?
TDS -deduct by the person who is making the payment against the expenses (we have to pay this to gov)
TCS-even though we are collecting (is that we need to pay same tax to gov)?
both are the liability to pay to governmen?..
TDS -deduct by the person who is making the payment against the expenses (we have to pay this to gov)
TCS-even though we are collecting (is that we need to pay same tax to gov)?
both are the liability to pay to governmen?..
13 May 2013
Yes both are liability to pay to the Government. For details see reply from below link--
https://www.caclubindia.com/experts/diff-b-w-tds-and-tcs-1290824.asp
https://www.caclubindia.com/experts/diff-b-w-tds-and-tcs-1290824.asp
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 May 2013
thanku sir..it really helping me lot..:)
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