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Differance between TDS and TCS

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(Querist)
14 May 2009 Dear experts,
please inform the meaning of SEZ. what is this?
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(Querist)
14 May 2009 hi I Want to know the Basic differance between TDS and TCS..
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jegannath G

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jegannath G (Expert)
14 May 2009 TDS is tax deducted at source

TCS is tax collected at source

TDS is applicable for the expenses which the assessee is incurring

TCS is applicable on the scrap sales which we are selling
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