TCS in Tally ERP9 (Tax collected at source) an implementation guide

What is TCS ? TCS is the short form of ‘Tax collected at source’.This is the tax collected by the seller from buyer on certain goods specified in  section 206 C of Income Tax Act. In TCS , the buyer will pay Tax and seller will collect and deposit the tax to the government. In this guide we will discuss  TCS in Tally ERP9. Transactions comes under TCS In TCS, a few number of type of transactions comes under the TCS

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