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Tcs calculation process


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Querist : Anonymous

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Querist : Anonymous (Querist)
29 November 2017 Tendu Levaes Value-10000.00
IGST@18%-1800.00
Total Bill Value-11800.00
TCS @ 5%-590.00

Is this Correct??

29 November 2017 Yes... Exactly Correct...

29 November 2017 Raja Ji are you sure because as per me TCS to be deducted in Rs.10000 @ 5% = Rs.500. Correct me if I am wrong


30 November 2017 My Dear Brother... TCS ll be calculate for total Billed amount with taxes... TCS & TDS have the small difference that's all...

30 November 2017 I had mixed TCS with TDS, so I was confused. Thanks for the reply

30 November 2017 You are most welcome Dear... How is Your exams...?

30 November 2017 Good but rest depends with ICAI



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