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Tds & Tcs

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(Querist)
16 January 2011 Hi,
Friends
Pls tell me implication & diff.b/w tds & tcs?
Pls ansswer my query as soon as possible
Thanks
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Guest (Expert)
16 January 2011 TDS means tax to be deducted at source by the payer on certain payments whereas TCS means tax collected at source while accepting certain payments in addition to those payments.

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