What is TCS?
Are the rates of TDS and TCS same??
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The difference between between T.D.S & T.C.S are t.d.s means
tax deducted at source and it will be leivied when it
crosses income limit and it will be deducted at source
T.c.s means tax collected at source when we are making any
payment to contractor the tax amout will be deducted at
source and remaining payment will be made this can be
regarded as t.c.s
hope that the rates for both remains same
| Is This Answer Correct ? | 34 Yes | 68 No |
Answer / krksarma
tds is tax deducted source tcs tax collected source. here
the income more than the tax limits that will deducted by
the employer that will be called tax collected at source
inthe books of the organisation.
| Is This Answer Correct ? | 47 Yes | 90 No |
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