Key Difference – TDS vs TCS
Indirect tax is a main source of收入for governments since it often amounts to a major portion of the revenue that will be used in a number of development projects. TDS (Tax deducted at source) and TCS (Tax Collected at Source) are two terms given for types of间接税在印度收集。TDS和TCS之间的关键区别在于TDS是从收入赚取收入时从收入收入者中扣除的间接税whereasTCS是卖方在某些指定物品的销售点上从买方手中收取的间接税。
内容
1.Overview and Key Difference
2.What is TDS
3.What is TCS
4.TD和TCS之间的相似之处
5.Side by Side Comparison – TDS vs TCS in Tabular Form
6。概括
What is TDS?
TDS(Tax deducted at source) is an indirect tax deducted from the income earner as and when the income is earned. TDS is governed by the Indian Income Tax Act of 1961. It is managed by the Central Board for Direct Taxes (CBDT) and is part of the Department of Revenue managed by Indian Revenue Service (IRS). It has an increased significance while conducting tax audits. The permissible TDS percentage typically range from 1% to 10%.
While TDS is payable at various sources, the main objective of TDS is to ensure that tax is paid on薪水earned every month. TDS from salaries is among the highest contributors to the revenue of the government since this is collected throughout the year. TDS ondividendsand TDS on immovable property are two other components of TDS.
TDSon Dividends
- TDSrate on dividends is payable at the rate of 10%. If the recipient of income doesn’t supply hisPAN(Permanent Account Number) to the deductor, TDS is to be deducted @ 20%.
- 如果要支付一定数量的股息shareholder, it should be paid by account payee cheque in case the payment does not exceed Rs. 2,500
不动产的TD
- 在进行超过Rs值的所有财产交易中,TDS均可扣除。50万。
What is TCS?
TCS(源税收税)是卖方在某些指定物品的销售点上从买方手中收取的间接税款的一种形式。TCS受1961年第206C条第206C条的管辖。TCS在购买选定商品时以规定的价格从买方手中向卖方收取TCS。中央政府,州政府,地方当局,合伙企业和合作社被归类为卖方,以征收源头收取的税款。根据1961年的《所得税法》规定了应收取TC的产品。这些产品包括用于人类消费的酒精酒,收费广场,在森林租赁下获得的木材以及矿产或煤炭或褐煤。卖方必须从购买这些物品的付款人那里以指定费率收取税款。卖方还必须在收款后向买方签发TCS证书,以便买方知道他或她已支付的税款。然后,收取的税款必须由卖方转移给政府。
What are the similarities between TDS and TCS?
- TDS和TC均受1961年《所得税法》的管辖。
- TD和TC都是间接税的形式。
TDS和TCS有什么区别?
TDSvs TCS |
|
TDS是从收入赚取收入时从收入收入者中扣除的间接税. | TCS是一种所得税收集的卖家from the buyer at the point of sale of certain specific items. |
控制 | |
这是由买家扣除的。 | This is collected by the seller. |
收取/收取税款的产品 | |
TDS是根据收入,股息和不可移动财产收集的。 | Alcoholic liquor for human consumption, parking lot, toll plaza are examples on which TCS is collected. |
摘要 - TDS与TCS
The difference between TDS and TCS can be mainly understood by the responsible party for paying the tax or collecting the tax. When income is taxed as it is earned, it is called TDS. When the seller of certain products collects tax at the point of sales on behalf of the government it is referred to as TCS. Knowledge regarding TDS and TCS is important for both buyers and sellers since they can be certain on how much tax is charged from them and relevant rules and regulations relating to collecting tax respectively.
下载TDS VS TCS的PDF版本
You can download PDF version of this article and use it for offline purposes as per citation notes. Please download PDF version hereTDS和TCS之间的差异.
参考:
1. Agarwal, Prateek. “TDS on Dividend – Section 194.” TaxAdda. N.p., n.d. Web.Available here.12 June 2017.
2. Fernandes,Sunil。“ TDS证书:它的重要性以及为什么要收集它们?”GoodReturns.in。GoodReturns,2013年5月25日。Available here. 12 June 2017.
3.“通过来源收取的税款 - TCS |支票率和豁免。”Bankbazaar。N.P.,N.D。网络。Available here. 12 June 2017.
Image Courtesy:
1.”Effective Payroll Tax rate for Different Income Percentiles (2010)” By Guest2625 – Own work(CC BY-SA 3.0)viaCommons Wikimedia
2.”931956″ (Public Domain) via Pixabay
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