Difference between TDS & TCS

Purchase Limit ?

i want to know that, is it necessary to file form no 10E  to employer for the pupose of claiming dedution u/s 89 (relief)

can assessee claim such relief while filling return without furnishing form 10E ?

tcs is normally collected on forest goods, royalty paid on ores and mines.

Hi all, 

It's very important to understand the diffe.. between tds & tcs . 

TDS has to be deducted when the assessee claim expenditure in our books of accounts for services rendered by other assessee then the assessee who claiming the expenditure in our books of accounts then he will deduct tds of that party (issuing bill) against services given. 

TCS has to be collected when the assessee sale some notified material to other assessee like scrap,tandoo leaves, forest product as mention u/s 206c etc. 

then the party at the time of generating the sale bill then he will  collect tcs at the time of billing. 

Hi

TDS (Tax Deducted at Sources) has to be deducted on  the expenses claimed by the assessee. If another assessee rendered services to us then  the we will deducted the TDS on the amount of services. 

TCS( Tax Collected at sources) has to be collected (deducted )by assessee on sale of  scrap, toll plaza, parking lots, timbers, mining etc as mention u/s 206A to I. 

at the time of payment or billing (debited) the assessee will  collect tcs.