what is majore differance between TCS & TDS
- 4 Answers
- 5860 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / manoj devda
TDS is related to income tax dedcuted from the payment made
at source.where as TCS is related to the tax collection
from the sale of particular products.
| Is This Answer Correct ? | 11 Yes | 0 No |
My dear friends both TDS and TCS are same It is tax
collected on behalf of the Govt from the assessee.
Tcs.It is the Advance collection of Tax at the time sale of
certain notified products Those are Forest produce
TDS it is the advance tax collection from the assessee at
the time of payment made on some specified payments
Ex.Deduction of advance tax while making payment to contractor
To know more explanations and exclusive topics pl visit my
favourite site http://www.therealaccountants.com
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / mittaldn@allinterview.com
tcs charge in the invoice and tds deducted from contractor
| Is This Answer Correct ? | 2 Yes | 4 No |
I have appered for the interview of IOCL on 09/08/2008 for the post of Accouts Officer can any one tell me when the result will be announced.
Hai iam a VAT Registered dealer am a manufacturer and am going to sell my products to unregistered dealers i can pay d 4% vat.. how can i make my bill format for this sgrc.gy@gmail.com. anybdy kno means pls mail me.
What is MAt
How to calculate entry tax on kraft papers format in excel under Assam Entry tax rules?
Can anyone tell me the limit of Professional fees on which service tax is to be charged?
There is a sales return in the month of April'09, we didnot take input credit for such return. shall it possible to take now? what the time limit to take such sales return input credit in VAT?
what is the difference between tcs and tds explaine?
if firm sales tax paid , under which ledger and subledger it would be posted? give brief information
verification of licence comes under professional or contract in TDS
What do you mean by Commercial Tax?
How to Calculate FBT
A newly start business person purchase material from out sate by paying advance tax to commercial tax dept. And collect road permit for purchasing the material which consider the cst-form. But he not registered in that state. Where he is paying adv.Tax -if he eligible for the c-form.
Audit 
