About tds tcs
This query is : Resolved
22 March 2013
SIR I WANT INFORMATION LIKE A DIFFERENCE BETWEEN TDS AND TCS.YOU GIVE ANSWER
22 March 2013
TDS is Deducted while making payment to your Vendor for any Expenses and it is deducted under various sections 192 onwards.
Whereas in case of TCS when you sell something like scrap to Customers it should be collected alongwith your income from Scrap.
Both TDS Deducted & TCS collected is to be deposited with Government Treasury within Due Date prescribed.
Further for both of these you have to file Quarterly returns.
& TDS & TCS Certificates are to be issued within 1Month from the Due Date of filing Quarterly Return.
Whereas in case of TCS when you sell something like scrap to Customers it should be collected alongwith your income from Scrap.
Both TDS Deducted & TCS collected is to be deposited with Government Treasury within Due Date prescribed.
Further for both of these you have to file Quarterly returns.
& TDS & TCS Certificates are to be issued within 1Month from the Due Date of filing Quarterly Return.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
