Easy Office
Easy Office

TCS

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 July 2011 Plz explain me TCS is imposed on which amount-
total value of purchases (668)
or
amount paid/debited (669).

thanks in advance.

also explain me TDS/TCS flow/procedure.
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CA Navin Jain

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CA Navin Jain (Expert)
19 July 2011 IF TOTAL BILL IS RS. 100 AND TCS RATE IS 1%

TOTAL BILL AMT - 100
ADD TCS @ 1% 1

TOTAL BILL VALUE IS RS 101

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