Tag Archives: #TDSDetails

What is the difference between TDS vs TCS?

 Difference between TDS vs TCS

Difference between TDS vs TCS    Difference between TDS vs TCS, TDS and TCS are both types of tax collection mechanisms in India, but they differ in their nature, purpose, and applicability. TDS TDS (Tax Deducted at Source) is a tax collection mechanism that requires a person to deduct tax at a prescribed rate from the… Read More »

Why TDS is deducted?

Tax Deducted at Source

  Tax Deducted at Source   Tax Deducted at Source is deduct by the person making the payment to someone else (i.e. deductor) when the payment exceeds a certain threshold limit. The purpose of TDS is to collect tax at the source of income, rather than collecting it at the end of the year. TDS… Read More »