Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are two key concepts in the Indian tax system. They play a crucial role in government revenue collection and business compliance. While both TDS and TCS involve tax collection at the source, there are significant differences in their applicability, purpose, rates, and procedures.

Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) are two key concepts in the Indian tax system. They play a crucial role in government revenue collection and business compliance. While both TDS and TCS involve tax collection at the source, there are significant differences in their applicability, purpose, rates, and procedures.