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

Answer Posted / naina jain

TCS means Tax Collection Source that have to collect from
others who have deducted the tds.

Rates of TDS & TCS are same.
There are different categoric like
sub-contractor,contractor,rental, professional,
consultant...etc for each category rates are different.Rates
are divided category wise for both tds & tcs.

Is This Answer Correct ?    85 Yes 108 No



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