Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is the difference between TDS and TCS?

Answer Posted / micky

TDS- tax deducted at source. tds paid by emoloyer in the salary of employee.e.g if employee salary is 250000 then employer deduct 10% tds on salary and remaining amount paid to the employee.

TCS- tax collected a source. tcs is collected by seller from the buyer at the time of sale of specified goods. e.g tenduleaves,scrap,parking lot etc.

tds and tcs paid to the govt.

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How to reconcile a Vendor who is a supplier as well as a Contractor?

1736


what do you mean by cenvat? and in which is liable?

3130


Hi, Is there limit of applicablity of excise payment for any orgnization...?? what is date of excise payment..?? Excise return date & what procedure & how to take benifit availing service tax in excise return..? What form reuire for Excise Return..??

3654


if threshhold limit is crossed then tds is deducted on which amount ? Aggregate or exceeding threshold limit?

1760


How Many Category of VAT in West Bengal

1793


Our Company dedduct TDS on the collection charge and claim (rate diff claim, scheme claim, collection charge means , if any party take material directly form our store our company give them frieght charge and deduct tds@10.30%). my question in what category of this type of TDS decution ? is it payment to contractor or what ?

2059


Hellow this is ravindra wanted to know about excise duty rates pls suggest

1937


i dont no what is tcs and tds what the use and how to calculate Tcs&Tds

2024


what is the ct-1 sale? if ct-1 bond is misplaced what is the procedure for applying for new bond.

1933


Dear sir, mu question is that can one lunch (Tiffin) provider person mention both vat or service tax on his bill. pls. give me answer. EXPLAIN BRIEFLY.

3100


certificate of export is for which items?

1855


as we are having are unit in a area where excise duty is not applicable and on my purchase i am paying excise duty can i take refund of the duty paid by me and what was is procedure? plz. replay to my on my id ngaggarwal@yahoo.com

1998


which form no's wiil be used for filing IT,ADVANCE TAX, TDS,VAT,CST,ST,PT,EXICE DUTY,ESI,PF?What is the Due Dates? very urgent

2404


HOW CAN TAKE THE MAXIMUM GRAUITY (EX RS.3.5 LAC)

2005


what was the rate of duty i have to pay if i want to import 1) lubricants(engine oil, etc) 2) grease 3) v-belts(rubber belts used in machines, cars, etc)

2000