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What is TCS?
Are the rates of TDS and TCS same??

Answer Posted / n.p.rao

TCS is the Tax Collected at Source. The rates of TDS & TCS
are not the same. For Indian companies w.e.f 01.10.09 the
surcharge & Cess are not applicable on TCS rate which are
different for different items e.g. for Scrap 1%

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