Hara Aum. i dont understand TDS and TCS provisions. Its very cofusing to me. Can anyone provide me with notes for quick and lucid understanding.
suja_ramana1879 @ yahoo.co.in
Sujatha Chandrasekaran (student) (92 Points)
07 April 2008Hara Aum. i dont understand TDS and TCS provisions. Its very cofusing to me. Can anyone provide me with notes for quick and lucid understanding.
suja_ramana1879 @ yahoo.co.in
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 07 April 2008
Harihi ohm!
What is it that you have not understood?
While TDS stands for Tax Deducted at Source, the amount a person responsible for making certain payments to a person to deduct tax from such payment, TCS stands for Tax Collected at Source, certain amount a person is entitled to receive is responsible to collect also tax on such amount from the person from whom such amount is collected.
Prabeer
(B. COM (H) CA & CS Final)
(5484 Points)
Replied 07 April 2008
Hi Sujatha,
Mr. S. Srinivasaraghavan has already explained the meaning / full form of both the terms TDS & TCS.
For more information you can log onto www.tin-nsdl.com & www.incometaxindia.gov.in
Regards.
Prabeer
Sujatha Chandrasekaran
(student)
(92 Points)
Replied 07 April 2008
I know the meaning and expansion... There are too many numbers and types.. i dont get them as to how to read and retain from exam point of view...
Prabeer
(B. COM (H) CA & CS Final)
(5484 Points)
Replied 07 April 2008
Hi,
Can U b some more specific, I mean what exactly do u want, some hints.
Regards.
Prabeer
Trisha Bedi
(CA)
(78 Points)
Replied 07 April 2008
Do 1 thng write all the Sections of TDS in a table format & Try to learn from that.tell me ur mail id.i'll mail u d same.
Regards:
Risha
Sujatha Chandrasekaran
(student)
(92 Points)
Replied 09 April 2008
CAclubindia
