TDS

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Amit Gahlawat

Amit Gahlawat (Querist)
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27 June 2017 what is difference between TDS and TCS.

Ashiwini Ballodia

Ashiwini Ballodia (Expert)
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27 June 2017 TDS is deducted for payment or booking of expenses but TCS is deducted at the time of sales

Nischit Sanghavi

Nischit Sanghavi (Expert)
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27 June 2017 Alcoholic liqour for human consumption 1% Tendu Leaves 5% Timber obtained under a Forest Lease 2.5% Timber obtained by any mode other than Forest Lease2.5%Any other Forest produce not being forest timber or tendu leaves2%Scrap1%Parking Lot, Toll Plaza, Mining and Quarrying2%Minerals being Coal or Lignite or Iron ore (applicable from 1st July 2012)1%Bullion if consideration exceeds Rs. 2 Lakhs or jewellery, if consideration exceeds Rs. 5 Lakhs (and any amount is received in ca sh) (applicable from 1st July 2012)1%Sale of Cars (both new and old) if Sale is above Rs. 10 Lakhs (applicable from 1st June 2016)1%Providing any service (other than payments on which TDS has been deducted) exceeding Rs. 2 Lakhs1%Sale of any Goods in Cash exceeding Rs. 2 Lakhs1%

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Nischit Sanghavi

Nischit Sanghavi (Expert)
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27 June 2017 above are applicable for TCS

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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17 October 2021 https://www.canarahsbclife.com/blog/tax-saving/what-is-the-difference-between-tds-and-tcs.html

https://www.aegonlife.com/insurance-investment-knowledge/difference-between-tds-and-tcs/