tcs&tds

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09 March 2010 Hi all,
what is the difference between tds and tcs? kindly help me.

regards


deepak

10 March 2010 TDS - Tax Deducted at Source
TCS - Tax Collected at Source

TDS - Tax to be deducted on payment / accounting of expenses
TCS - Tax to be collected on sale of scrap, alcoholic beverages etc.

In both the cases, tax to be deducted / collected and pad to the govt.

16 March 2010 agree with Rahul




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