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TC's, would you like to publish? Call to Submitting:Indiana: Surprisingly Extra Ordinary WHAT: Self published book about Indiana places and things that will entertain readers and encourage tourism COPYRIGHT:NW
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TCS stands for Tax Collected at Source. It is the tax collected by the seller from the buyer at the time of sale.
Any person or entity who is liable to collect TCS as per the Income Tax Act, 1961 is required to file TCS returns.
TCS returns can be filed online on the e-filing portal of the Income Tax Department.
The purpose of TCS is to collect tax at the source of income itself, ensuring early collection of tax.
The details of tax collected, details of the buyer, and other relevant information must be reported on TCS returns.
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