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

Answer Posted / vinod

TDS STANDS FOR TAX DEDUCTED AT SOURCE
TCS STANDS FOR TAX COLLECTION ATA SOURCE

TCS LEVIED ON MAINLY ON SCRAP AT THE RATE OF 1%

TDS DEDUCTED ON MAKING PAYMENT
TCS DED AT RECEIVING RECEIPT

ALMOST THE RATE OF TDS AND TCS ARE SAME

Is This Answer Correct ?    2 Yes 14 No



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