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Tds&tcs

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(Querist)
05 February 2014 what is the difference between Tds&Tcs?
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Neljo Davis ACA

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Neljo Davis ACA (Expert)
06 February 2014 TDS- Tax Deducted at Source. Deducted from the payments.
TCS- Tax Collected at Source. Collected along with sale bill.

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