Interested to Buy Any Domain ? << Click Here >> for more details...
What is the difference between TDS and TCS?
- 24 Answers
- 125096 Views
- Godrej, SSK, TCS, I also Faced
- E-Mail Answers
Answer Posted / rajesh kumar soni
TDS is the mode of collecting income tax.It's full form is
Tax Deducted at Sourse. The employer/Payer or deductor
deducts the tax from the payments which is made for
employee/Payee or deductee and deposited it in the
authroised banks or treasury, which is authorised by income
tax departments.
TCS is also the mode of collecting income tax. It's full
form is Tax collected at source. In this the payer or
collector collects tax on the time of payments and
deposited it in the authorised banks or treasury, which is
authorised by income tax departments.
| Is This Answer Correct ? | 122 Yes | 29 No |
Post New Answer View All Answers
Central purchase is eligible for issuance of H form. Whetther H form can be issued against local purcahse also? What I came to know is : earlier H form can be issued against central purchase only, but after intoduction of VAT, department issued notification regarding issuance of H form against LOCAL PURCHASE also. Is it true? If true then please tell me about notification/ circular/ relevant section or law. Please look into the matter. Thanx n Regards
what is the entry tax explain briefly?
IS THERE IS ANY EXUMTION FOR THE NEW CONCER TO NOT THE DEDUCT TDS IN THE 1st YEAR OF ITS INCORPORATION IF THE TURNVOER EXEED THE SPECIFIED LIMIT IN THE 1st YEAR.
What is the procedures for withdrawing of form C?
a x company deduct tds against our bills so how i entry this type of transaction in talyy 9.0 ?
why charges PURCHASE @ 15 % TAX RATE ?
How to working service tax in excel sheet?
i want to learn income tax work please tell me about all dedutions exempations and income detail...how to calculate tax on net income
please tell me how to take stock (not enter in purchase) in Tally ERP 9 in Case the goods recived against from FORM 38 The Company sent me consignment for sale on behalf commisson & after sale he want FORM F. so please tell me procesure of TAke the Stock in Tally for the Created Sale Invoice & Tax Invoice. Thank You
If forth alphabet is f then what is TDS percentage ?
what is procedure of calculation of TDS by bank?
How to calculate entry tax ??(In karnataka) Pls advice me complete computation details.
If any new form open than we are able to deduct TDS on first year
what is sales tax assesment or annuel return company and how to do end of the finiancial year and what is form no 240.
What extra accounts and legal formalities are maintened In excise firm other then normal saling firm.? also tell me tax aspect in Excise firm?
