Difference b/w TDS & TCS ???

TDS 1406 views 2 replies

Dear CCI Members,

Can anyone tell me the difference between T.D.S. & T.C.S. and their treatment in Accounts.

Thanks.

Replies (2)

Hi Aditya

Read https://www.sundarandco.com/bulletins.htm   to understand the concept.

In Accounts, both will be treated as Assets (Like Advance Tax).

Thanks sir......I read it.....

but can you tell me why there is need for TCS if TDS is already there???


CCI Pro

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