Here, we provide complete information about TDS and TCS under the Income Tax Act. You can also refer to the attached PDF for a quick overview of the differences between TDS and TCS, including their meaning and key points. TDS, or Tax Deducted at Source, requires certain individuals or organisations to deduct tax from specific payments made under the Income Tax Act, 1961. On the other hand, TCS, or Tax Collected at Source, refers to the tax collected by the seller from the buyer at the time of the sale of goods or provision of services. For read more: https://blog.saginfotech.com/differences-tds-tcs-income-tax-act