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Categories  >>  Accounting  >>  Taxation
 
 
 
Question
What is the difference between TDS and TCS?
 Question Asked At :: Godrej, Amar Gandhi, TCS
 Question Submitted By :: arijit roy
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Answer
TDS means tax deducted at source in which tax is deucted on 
that amount that company's pays from its profit and it is 
shown getting submitted IT return 
TCS means tax collected at source inwhich tax is collected  
from the various sources for paying tax from there services 
has been provided

 
Raj
 
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