Hi.. I'm a li'l confused bout this TDS and TCS.. Could anyone please differentiate dem both and explain dem..?!
1 Replies
MUTHUSAMY
(CA FINAL & ACS FINAL)
(253 Points)
Replied 07 November 2009
tax deducted at source
it is an complaine under income tax, we will deduct certain percentage of amount as TDS on rent, salary, contract, divident,interest
TDS - in this case we will collect extra amount from supplier as tcs
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