TDS vs TCS | Simplest Explanation With Example

TDS vs TCS | Simplest Explanation With Example | Income Tax

Рет қаралды 355,370

4 жыл бұрын

This video is to explain the difference between TDS and TCS in the simplest possible manner.
✅ Website:-
www.taxationwithsahiljain.com
✅ Whatsapp/Telegram Number:-
8929-737672
✅ Telegram Channel:-
t.me/casahiljain
✅ Gmail Id:-
casahiljain2803@gmail.com
✅ Facebook Page:-
/ casahiljain2803

Пікірлер: 277

@mohitlulla6260 2 жыл бұрын

This man should be given award for teaching so properly and clearly 🥇

@Rituji11 Жыл бұрын

🤩Wowww

@rajatavachanda5927 Жыл бұрын

Definitely

@LeDeKe 9 ай бұрын

By that logic Rahul Gandhi should be given a award everyday because he Creates a joke everyday....his living itself being another joke. 😂😂😂

@softgrowl 5 ай бұрын

But only 2₹ for this pj@@LeDeKe

@faisalakhter3744 2 ай бұрын

@@LeDeKe Bhai kab Tak Rahul or Modi krega ? pdhle thda ye sab ghr nahi chala denge

@gaurangjoshi9315 11 ай бұрын

Aise toh Science aur Arts wale bhi sheek jayange TDS & TCS. Amazing conceptual clarity! Kudos to you Sir

@reshmalawate1272 4 жыл бұрын

Just love d way u explain...conceptual understanding in v less time...😊

@kshitijbarnwal4689 3 жыл бұрын

You made me understand the concept very easily through your explanation, thank you

@SEEYOUATTOP 4 жыл бұрын

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?

@TaxationWithCASahilJain 4 жыл бұрын

Correct

@itsmebanty7698 4 жыл бұрын

Ohh thanks bro Just asked the same question above... 😅😅

@alishkumarmanvar7163 3 жыл бұрын

@@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.

@santprasadvishwakarma6919 4 жыл бұрын

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

@tusharahuja4915 3 жыл бұрын

TCS similar to Forward charge mechanism in gst TDS similar to reverse charge mechanism in gst

@AdityaRaj-wh2ht Жыл бұрын

This man should be given award for. Teaching so well

@kewatraju3129 3 жыл бұрын

Waw, what a explanation really its great i'm appreciating your effort on this valuable initiative. Big thanks for making us to understand.

@ajfilms459 3 жыл бұрын

Amazing sir... You have clarified in a simple way

@pratikgupta2967 Жыл бұрын

sir you are really a gem for ca fraternity , your teaching is next level

@ankittiwari6352 3 жыл бұрын

Thank You Very Much Sir..♥️🤗 Mai 2 Attemp de chuka hu..but mujhe aj Jake pta chala what is the exact difference💪😁..!!

@surajkaushik5092 4 жыл бұрын

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 ❣️

@karishmagangwani4035 Жыл бұрын

Even we are stuck. Please help us know the dynamics of Marketplaces tax please

@pankajtyagi6156 4 жыл бұрын

Beautiful explanation. Thank you sir.

@salimali2393 3 жыл бұрын

easy and perfect knowledge. Thank you sir

@belalvamshi8486 4 жыл бұрын

Superb video sir, thank you.

@meenakshidixit1859 Жыл бұрын

No words ... Sir.. you made it tooo easy for me .. thanks 🙏

@AshishGupta-fy4rz 2 жыл бұрын

Great expectation as always, Thank you very very much sir ji

@prashantagarwal355 2 жыл бұрын

Understanding made easier..😍 Thanks a lot sahil bhai

@CA_Hardev_Jadeja1 4 жыл бұрын

Understood sir. Thanks for sharing.

@sinanahamed4457 3 жыл бұрын

Very clear explanation, thank you

@preetichauhan3708 Жыл бұрын

Thank you so much sir . your teaching style is awesome 😊

@priyanshutawer8504 3 жыл бұрын

Amazing sir ,thank you🙏🙏🙏

@SonuLakhwani 3 жыл бұрын

Example 🔥🔥... Thankyou Sir🙏

@studypoint5404 2 жыл бұрын

Thanks sir, for understanding the concept

@digantasikdar7535 Жыл бұрын

Thank you sir, you explained it very simply

@AshutoshKumar-ue3dr 2 жыл бұрын

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?

@caparagpatel7139 Жыл бұрын

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....

@md-pq8pc 3 жыл бұрын

Sir it's too good ....Awesome explanation...

@akashdas6891 2 жыл бұрын

Sir, is there any minimum annual turnover requirement for one to pay tds or tcs?

@aspirantmona8863 2 жыл бұрын

Just superb sir ...Ur explanation.... Tq soo much sir...

@ruchiparekh3018 4 жыл бұрын

While making the payment why do we check whether the Ind/huf liable for tax audit or not? Though the TDs which was deduct was on income of the receiver

@shahid_khan9634 2 жыл бұрын

Thanks sir..For your great explanation

@rajputraghav96 2 жыл бұрын

Then sir, what's the difference btw TDS/ Reverse charge in GST?

@sarfarazalam5435 3 жыл бұрын

Sir tcs under gst by E commerce operator. Is it different from income tax tcs? Or seperate mechanism for gst act.

@namratapasi3051 2 жыл бұрын

Finally i understood this thank you sir

@pabitrahalder5456 Жыл бұрын

Sir apka explanation se tds and TCS pura clear ho gya 🙂

@afrojsid 3 жыл бұрын

Thank you so much sir bahut achha samjhaye h aap

@ashutoshdixit6861 4 жыл бұрын

Great sir.. thank you so much

@bharatvaghela6078 3 жыл бұрын

Aap example dekar samjhate h achha samajh me aa jata hai...

@rahulchouhan9276 Жыл бұрын

You are un-describable Sir 🙏🙏💯

@Cap834 3 жыл бұрын

Tds is applicable on chitty commission (forman commission )? If applicable under which section

@niharbarbhaya2991 3 жыл бұрын

Sir, u are great teacher

@ADARSHMISHRA-jj5og 4 жыл бұрын

Awesome explanation sir

@vishaljadhav1971 3 жыл бұрын

Thanks Sir, nice information🌹

@nitishachhabra2468 3 жыл бұрын

Explained really well

@mayankkumar9861 3 ай бұрын

Thanks, I watched your video for upsc cse prelims

@rishabhgoyal2967 2 жыл бұрын

Main ca foundation me ho aur jab bhi main free ho taa studies se tho KZfaq chala tha hoon aur KZfaq pe sir ki class dekha taa majhe aate hain income tax pad ne me sir se

@deepaktaparia8635 2 жыл бұрын

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)

@samarjitkabadi4001 4 жыл бұрын

So does Mr. B pay 1050 or 950 ? According to what you were saying ?

@rinka4041 4 жыл бұрын

Awesome , best clearity voice😘😗😚☺🤗😀😁😂

@prashant7111988 3 жыл бұрын

Very good explaining.

@ArunSharma-gj6fl 3 жыл бұрын

Quite nicely explained

@Sonuthakur-me3qu Жыл бұрын

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

@bharathelluri8393 4 жыл бұрын

Sir is it possible to tell through numbers so that we can understand very clear

@anantgaurav6017 3 жыл бұрын

What is effective date of TCS under 206C (1H)?

@saivikash6130 3 жыл бұрын

Nicely explained..👍👍

@English_360 2 жыл бұрын

Very well explained, sir

@VijaySharma-fp7pd 3 жыл бұрын

very very helpfull video thank you sir

@vidushinyati7050 4 жыл бұрын

Great explanation sir. Amazing... .. It's rare a CA being a good teacher. Thankyou so much sir. Nice lecture in less timing.

@TaxationWithCASahilJain 4 жыл бұрын

I'm glad you liked it 🙂

@itsmebanty7698 4 жыл бұрын

Yeah All CAs are taught by unemployed engineers na.... Just apply some brains if available

@vidushinyati7050 4 жыл бұрын

@@itsmebanty7698 frst of all an engineer can never teach ca students... . & another thing if u cannot appreciate someone do not depreciate. & still if u do it shows what u hv. Coz a person can only give wat he have. Thx.

@itsmebanty7698 4 жыл бұрын

@@vidushinyati7050 I replied on *It's rare CA being a good teacher.* As a CA student I learned from so many good teacher and your statement just hearts.... 😣😣

@vidushinyati7050 4 жыл бұрын

@@itsmebanty7698 I m not a CA.. NOR A CA student.. . I liked the way he taught That's it... .

@Sarkari_vlogger 2 жыл бұрын

most underrated channel

@vinniesihag4446 4 жыл бұрын

Thank you sir!!

@WajidAli-vr5os 3 жыл бұрын

Amazing 👏👏👏👏👏👏

@explorerhari 4 жыл бұрын

Very good Explanation bhai

@raghavvbangur8914 Жыл бұрын

Simply amazing !

@rkfcoffical 4 жыл бұрын

Can in a transaction both tds/tcs will be deducted/collected???

@Vivek_Gupta3052 2 жыл бұрын

Ek no. Bataya sir 👏👏

@Sharukh1900 Жыл бұрын

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

@vishnupatel9135 3 жыл бұрын

Jai Jinendra ! amazin video

@AVTARSINGH-lp8eb 4 жыл бұрын

Good working sir ..👌

@amrutaparkar7504 4 жыл бұрын

Very well explained. Sir where is next video?

@zaarashaikh2843 3 жыл бұрын

fantastic explanation

@BscPhysicsRGLectures 3 жыл бұрын

Best video!!!! Thanksalot

@sandeepsingh-wj3fl 4 жыл бұрын

Thankyou 😊

@shyamlaljp4077 3 жыл бұрын

Sir pls help us if Mr.A charg TCS in bill than Mr .B is liable to cut Tds or Not

@nitumaurya7446 2 жыл бұрын

Thanks you sir very smart explain

@ADARSHMISHRA-jj5og 4 жыл бұрын

Thank you so much sir

@swetabiswakarma9890 3 жыл бұрын

Where is this second video I am not getting can anyone pls Share the link

@apzone7499 2 жыл бұрын

Thanks sir aaj pura clear ho gya

@devashishkaushik5890 Жыл бұрын

Thank you mr. Sahil

@saralgoyal2193 2 жыл бұрын

Great explanation sir

@Anagh.a 2 жыл бұрын

Sirrrr..., Aftr these many yrs i literally undrstood y the hell this tcs is here😂😂 Tysm😂

@im_lal1ta2206 2 жыл бұрын

Thank you so much sir you are awesome 👌 ek baar m hi samjh aa gaya

@lakhanindia 3 жыл бұрын

Where is your next video sirji. Very well explained

@SanthoshKumar-yq6xb Жыл бұрын

Neatly Explained.

@hanishaarora5168 4 жыл бұрын

Exactly the kind of video i was looking for. I have a doubt though sir! In the end when you took an example that Mr A's total tax amounts to 1Cr and he has paid some amount of TDS and TCS so he just needs to pay the balance 50L... my question is the TCS of Rs 30L is the amount of tax paid by A which actually is of B. So now shouldn't Mr A's remaining liability be 80L and not 50L?

@TaxationWithCASahilJain 4 жыл бұрын

The TCS of 30 lacs talked about in the example is the TCS which was collected *ON* the payments which were made *BY* A for buying any goods or services, i.e. it is A's expense. The 20 lacs TDS talked about in the video is the amount deducted *FROM* the payments made *TO* A, i.e. again, an expense of A. Hence, credit of both these will be available to A.

@madhuramjakhar426 Жыл бұрын

Best class ever

@riyajuneja777 2 жыл бұрын

Crystal clear explaination for a CS engineer(no commerce background) !

@nimishkhandelwal454 3 жыл бұрын

Superb explanation

@iza8068 3 жыл бұрын

Very nice sir but in addition I want to say that to u plz make next vedio with account ing entries

@RabindraPanigrahy9433 4 жыл бұрын

I am unable to find your next video plz describe.

@amarsingh25 Жыл бұрын

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

@vikramnarasimha2203 4 жыл бұрын

Hi sir. Are you planning to upload a lecture covering all the amendments for AY 2020-21?

@TaxationWithCASahilJain 4 жыл бұрын

Will be uploaded within this week

@vikramnarasimha2203 4 жыл бұрын

Thank you for the response sir 😊

@sathyaprakashbc6076 3 жыл бұрын

Thank you sir.

@chahatjain6217 3 ай бұрын

Amazing👌🏻

@GarimaAnand1503 11 ай бұрын

Very good explanation

@Nadeem0410khan 3 жыл бұрын

If somebody got package of 3.4 lakhs per annum, is he eligible for claiming TDS?

@AnantJain509 2 жыл бұрын

Can TCS be applied above gst ? Like 3% gst + 0.1 % TCS ?…

@sauravsingh7029 2 жыл бұрын

Wow amazing😍😍😍😍

@_ABCDEF11 Жыл бұрын

Hats off, sir 🙏🙏

@prashantojha9217 2 жыл бұрын

From 2015 to 2020, TDS on FD deducted, what can I do refund TDS. Please suggestion.