What is the difference between TDS and TCS?
Answers were Sorted based on User's Feedback
Answer / ruby
TDS means tax deduction at source, which is deduct from the income of individual, companies, Hindu undivided family etc under the TDS rate chart.
TCS means tax collection at source, which somehow simmilar like tds.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / krishna
Tds is expenses all company and others
Tcs is income all company and others
This is depended on formula debit what comes and credit was goes out ,
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / manjhunadh
TDS means Tax Deducted at Sources it is calculated on the employees expences and companies incomes
TCS means Tax Collected at Sources it is calculated on the companies expences and calculated on the incomes
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / crmdms
difference between TDS and TCS is D & C
hai ki Nahi mai pachivi Pass?
| Is This Answer Correct ? | 61 Yes | 137 No |
how to treat payment or receit of gift in income tax returns
I intend to know what is the liablity of the Company paying commission to an individual under section 194H relating Payment for Commission in terms of obtaining PAN no from the individual? What is the maximum amount of commission up to which the same could be relaxed or it is not mandatory.
pls tell what is TDS CONCEPT IN RELETION TO TRANSPORTOR
what is the difference b/w deferred tax exp and defeered tax liab? should Deffered Tax expense be deducted b4 computing Net profit?
What will be the rate of TDS on contractor if the amount paid in a year crosses Rs.75000/-
What are direct taxes
1.R-1 Form Kya hai? 2.R-2 Form kya hai? 3.sale tax return form no.kya hai? 4.C-Form kitne % tax par diya jata hai. 5.D-1 & C-4 form kitne % tax par diya jata hai.
Hi,when we pass a clearing entry of paid and unpaid tax how do we show the business area the way the business area can be seen.is there any change that i have to do in the configuration of this GL.my client wants that the business area also reflects when we post the gl.please help.
WHAT SHOULD I DO IF TDS IS YET TO BE DEPOSITED BUT PERTAINS TO MAR,09 (LAST FY) THE THING IS THAT ACTULLY BILL WAS RAISED FOR THE M/O MARCH 09 IN MAY09. AS THE BILL PERTAINS TO LAST FY YEAR AND LAST DATE FOR TDS RETURN HAS GONE 15.06.09. WHAT ARE THE SOLUTIONS PLS HELP ME OUT
2 Answers Chartered Accountant,
Start a service related company?
what is TCS? and why it is collect by Government?
C Form required for Exempted Inter-State Sales?
3 Answers United Chloro Paraffin Pvt Ltd,