TDS vs TCS | Simplest Explanation With Example | Income Tax
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- Опубликовано: 30 сен 2024
- This video is to explain the difference between TDS and TCS in the simplest possible manner.
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![CA Inter Income Tax Amendments for 2020 | Finance Act 2019 [Part 1/2]](http://i.ytimg.com/vi/_iW9ydU-fo8/mqdefault.jpg)
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This man should be given award for teaching so properly and clearly 🥇
🤩Wowww
Definitely
By that logic Rahul Gandhi should be given a award everyday because he Creates a joke everyday....his living itself being another joke. 😂😂😂
But only 2₹ for this pj@@Seventh_Fail_hai_Wodi
@@Seventh_Fail_hai_Wodi Bhai kab Tak Rahul or Modi krega ? pdhle thda ye sab ghr nahi chala denge
Great
Thank you!
Was a bit confused when you minus TCS, because I thought, why are you minusing TCS collected by you. Then I watched again & realized that you are minusing your TCS which is collected by others.
Right?
Correct
Ohh thanks bro
Just asked the same question above... 😅😅
@@TaxationWithCASahilJain , Hi, suppose I am employee of XYZ company and Govt. is collecting TCS from my employer then being employee, can I see TCS into my form 16 or 26AS or from anywhere? Basically you are saying when my company pays Salary, at the same, it deducts TDS from me and Govt. collects TCS from my company.
TCS similar to Forward charge mechanism in gst
TDS similar to reverse charge mechanism in gst
Sir, it seems you were about to tell when and in which case we need to apply TDS and TCS but video abruptly ends. Where can I watch the full video or continuation of this one?
You at least need 2-3 hours to get first hand learning of tds tcs. Thousands of videos are available on youtube related to CA and how to pay & file tds tcs etc....
Just love d way u explain...conceptual understanding in v less time...😊
You made it so easy sir. Thank you so much.
Sir can you please make a video related to all the terms and taxes related to ecommerce selling ?
We Flipkart and Amazon sellers don't know much about these things and that's why we face alot of losses i guess because we don't know which taxes have to be taken as input/output etc.
Please look at this matter.
Again Thank you ❣️
Even we are stuck. Please help us know the dynamics of Marketplaces tax please
Sir ek client ne abhi Gst number ke liye apply kiya hai aur uska contractor ka kam hai toh jab uska gst aa jayega aur jab vo bill purchase karega toh kya tds deduct karega kya 194c ke andar
You made me understand the concept very easily through your explanation, thank you
is video ke bad wali video konsi h
Aise toh Science aur Arts wale bhi sheek jayange TDS & TCS. Amazing conceptual clarity! Kudos to you Sir
Garib rehna Accha diktha hai bhai.
I have done the payment as TCS 1.0% (Rs.10790) to KIA motors on purchase of KIA SONET (ex showroom price Rs.1079000).
KIA motors (seller) will deposit the Rs.10790 (TCS) to government after collecting this amount from buyer (from me), right ?
Now my question is :
1) How can I claim for refund of Rs.10790 ?
2) Is the amount will be reflecting in my form 16? as a advance tax paid ? or I need to file the ITR separate for Rs.10790 ?
I am confused, please explain.
Dear Sir,
Please help me on my query.
I am transporter and I have filled my Income Tax Return for F.Y. 2021-2022. But after filling TDS return my customer, to whome I am providing transport services they send me TDS certificate with debit note they are saying that they have deducted my TDS but filled TDS return in month of November 2022.
Now please tell me how to claim this TDS in current F.Y. 2023 - 24
So for Mr. A Tax liability will be
Total income
(-) tds deducted by the debtors
(+) tcs collected by him
Is this correct?
No
TCS Is To Be Paid To The Government On Or Before The 7th Of The Month Next To The Month In Which The TCS Was Collected. It Is Not Treated As His Tax Liability.
TCS Which Has Collected By Other Person (Debtor) Is His Tax Liability Which The Debtor Have Been Paid To The Government On The Behalf Of Him.
So The Tax Liability Will Be
Total Income (-) TDS Deducted By Other Person (On His Receipts) (-) TCS Collected By Other Person (On His Payments)
@@rajverma3429 Understood.. thanks ✌️
@@amoghsonawane5331 Glad To Help You 😊
Please make Video on TDS on Purchase of Software for reselling purposes from Indian Co. Or foreign Company
Very nice sir but in addition I want to say that to u plz make next vedio with account ing entries
wheres the content after 11:16 ? please share the link
Thnxs sir
Cut to cut
I am unable to find your next video plz describe.
Kya Sirf ek hi transaction pe TDS Aur TCS dono lagta hai??
Jaise ki., Iss video mei jo example aapne diya, Mr B ne TDS 100 rs govt ko pay kiya, Aur Mr A ne isi transaction pe Mr B par TCS 50 rs charge kiya.... Toh abb Mr B ko kitna amount dena hoga Mr A ko??? Kya wo amt 950 rs hoga??
Thanks sir
Where is next chapter after this..?
Nhi samjh AyA
Ek doubt hai
ye scenario mai apne bataya ki Payable Tax=Income Tax - (TDS+TCS)
but agar koi person Tax slab ke andar nahi aata where, Profit
GST aur TCS dono hi smilar nature se collection ki jaati h. Dono hi taxs h, name change h, ek difference h ki gst ka tax state government bhi leti h, however, TCS only central government ko jaata h.
2. TCS ke applicable hone ki kuch conditions h jo ki gst ki comparison main jydaa h
Is it correct ?? Anyone who could explain GST vs TCS
At last there is a tax of 1 crore of A
Where it come from..,?
Is it A's income tax??
Thank You Very Much Sir..♥️🤗
Mai 2 Attemp de chuka hu..but mujhe aj Jake pta chala what is the exact difference💪😁..!!
Sir big fan of u plz help me
Mene ecomerce ki b to b sale
Up krke dikhadi bcoz supply of product U.P. hai , but usk customer ka order or gst nbr mumbai ka hai....
Mene us order ki return maharastra state ki jagah up me krke gst return krdia ...... Ye galat hua na???
Ab ise me kaese correct karu sir plzzz help
I am in big tension
Sir big fan of u plz help me
Mene ecomerce ki b to b sale
Up krke dikhadi bcoz supply of product U.P. hai , but usk customer ka order or gst nbr mumbai ka hai....
Mene us order ki return maharastra state ki jagah up me krke gst return krdia ...... Ye galat hua na???
Ab ise me kaese correct karu sir plzzz help
I am in big tension
Amazing video, I'm an accountant & i wanted to learn about whole concept of TDS & TCS & this helps me a lot, Thank you so much sir
Thanks a lot sir
Very easy and shortest way to explain
Tcs means adv taxes
Tds means with holding taxes
TDS 20 lac mr B pay to government behalf mr A ?
Sir can you take the class in English because me and my friends from south India
When u received the next part. Kindly confirm
Sir where is the second part of the video please provide it....
Sir mathematics question ke saath solve karke batana chaiye tha....baki sabh perfect tha
No words ... Sir.. you made it tooo easy for me .. thanks 🙏
Sir tcs return form 27EQ me form 27C ka detail kaha likha jata hai
Sir is it possible to tell through numbers so that we can understand very clear
Great expectation as always, Thank you very very much sir ji
Where is your next video sirji. Very well explained
Sir iski next video kha hai TDS nd TCS ke rates wali??mjhe mil nhi rehi issliye
But tcs to B ka collect krke submit Kiya na na Mr a ne to uka tax 30 lacs kaise kam hoga
Sir apne sir iske andar sirf TDs hi sikhaya
Mistakenly tcs .o1%
sir tds tcs clear krdiya ab deferred tax bhi clear krdo:D
Agar kuch transaction pe Mr A ko loss lg gya to us ka deduction kaise hoga
Hello .. Sir I just wanna ask one q regarding gstin .. Sir I had registerd on gst portal for gstin .. Through my pan. .8months ago .. But when I searched or try to track my gstin. Through my pann.. than itzz showin no records found .. That meanz I dont have or not registered for gstin through my pan..??? Sir..If I searched my dadz gstin no on gst portal . through his pan than it shows active ....I need to again registered for gstin no...?
U got your registration certificate?
sir you are really a gem for ca fraternity , your teaching is next level
But what about tds & tcs on eggs business
sir, can tds and tcs be charged simultaneously? i mean in the same example, can mr a and mr b charge tds and tcs respectively at the same moment? or only one can be maintained?
Theoretically, yes. However, mostly only one of these is levied
@@TaxationWithCASahilJain What is the thumb rule, to know whether TDS will be collected or TCS will be collected?
Very well explained
Iska Next Part ka link dijiye sir 🙏
Sir please reply if I have used my financial year limit of 7 lakh in one bank and did more transaction with other bank will i hav to pay TCS there or i will be exempted their until more 7 lakhs
Sir app cma ko bhi pdhao na kitna ach explain krte ho
How I can watch full video
Where is the next part? Of Tcs
Sir its really good but if you give an example with numbers it would be much better and please explain in english.
From 2015 to 2020, TDS on FD deducted, what can I do refund TDS. Please suggestion.
Sir I have work in hotel industry, please tell us how can i enter hotelier booking voucher of make my trip. In make my trip voucher they less commission, TDs, TCS, sir I want to know we deduct TDs again by our side
Sweety Bas gate andar bahar karti hai
Superb explanation
Really helpful
thankyou so much sir
Your service really amazing but please English while teaching because every different states people watching this so English is the common language to understand the topic,
Thanks, I watched your video for upsc cse prelims
Make series of TDS from start to end with liability online payment how to filling wich software used to pay tds with their section
Start karte hai and video khatam
thank you sir
If somebody got package of 3.4 lakhs per annum, is he eligible for claiming TDS?
Sir Mene Bahut Tcs ke video Dekhe. Every Ca Video upload karte he ki tcs kitna lage ga. Kahape Lagega. Vo Batate The. But Aap ne Ek Simple Video me Sab Kuch Bata Diya ki Government Tds se tcs Cut karke Kya Karna Chahti he.simple Examples se Samja Diya.
Thanks Sir
Janak Patel
Account
9898148326
Unjha. Jd.exports.
Sir, I have filed GSTR-7or8 for TDS credit without the credit received for the month .Can I claim the TDS credit in the next Month.If yes,How?
(Basically I have filed Nil return of TDS relating to credit and I have not rejected any TDS credit)
This man should be given award for. Teaching so well
thank you sir
Hi sir. Are you planning to upload a lecture covering all the amendments for AY 2020-21?
Will be uploaded within this week
Thank you for the response sir 😊
it was confusing sir
TCS is like GST.............. and you will understand it.............simple
Sir tcs return mil jata h
Waw, what a explanation really its great i'm appreciating your effort on this valuable initiative. Big thanks for making us to understand.
Sirrrr..., Aftr these many yrs i literally undrstood y the hell this tcs is here😂😂
Tysm😂
Thank you sir
Amazing👌🏻
Sir pls help us if Mr.A charg TCS in bill than Mr .B is liable to cut Tds or Not
Gud video sir
Sir mera f.y. 19/20 me tcs kata he
Or me har sal itr file karta hu to muje tcs refund milega.....?
Thank you sir
Tds is applicable on chitty commission (forman commission )? If applicable under which section
Well explained
Where is this second video I am not getting can anyone pls Share the link
Not practical
Use numbers in explaining sir... Write the numbers so that even non hindi students can understand
Very nice sir🙏
Lucid explanation for a beginner like me
aage ki video Kahan per available ha sir ji ? Kya aap hamein bata skte ha?
Can TCS be applied above gst ?
Like 3% gst + 0.1 % TCS ?…
Thanks bro
Good working sir ..👌
Full video?
best video.
hi sir
are you providing DT clases for cma final also?
Great 💪💪