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T CS CA L F O R P R O P O S A LS Page 1/3
21 March 2014
T IT L EQ/AND E F ER E N CEA CLARIFY ICATIONSTCS Call for Proposals 21014
Question and Answers Clarifications
Introduction
On 21st February
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What is t cs ca l?
TCS (Tax Collected at Source) is a tax collected by the seller from the buyer at the time of sale of specified goods.
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Any person or entity who is selling specified goods is required to file TCS.
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TCS can be filled out online through the tax department's website or offline by submitting the required forms.
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The purpose of TCS is to collect tax at the source itself, thereby reducing the burden on the taxpayer.
What information must be reported on t cs ca l?
The TCS return must include details of the seller, buyer, and the transaction amount.
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