Dear CCI Members,
Can anyone tell me the difference between T.D.S. & T.C.S. and their treatment in Accounts.
Thanks.
2 Replies
Sanat kumar
(Chartered Accountant)
(265 Points)
Replied 16 August 2011
Hi Aditya
Read https://www.sundarandco.com/bulletins.htm to understand the concept.
In Accounts, both will be treated as Assets (Like Advance Tax).
ADITYA MAHESHWARI
(STUDENT)
(59 Points)
Replied 17 August 2011
Thanks sir......I read it.....
but can you tell me why there is need for TCS if TDS is already there???
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