Filing ITR? Decoding TDS and TCS – who pays, who collects and...

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Filing ITR? Decoding TDS and TCS – who pays, who collects and key differences taxpayers must know

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TDS and TCS are vital mechanisms under the Indian tax system for early tax collection. TDS involves payers deducting tax on payments like rent and salary, while TCS requires sellers to collect tax on specific goods, including minerals and overseas travel packages.

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