As an IT company, the TCS becomes popular in many countries therefore the TCS full form is significant and you have to learn it. Other than the IT sector, the TCS term is also used in other fields and sectors like civil engineering, computer, tally, car, GST, exam, and many more. The meaning and the full forms of the TCS term vary according to above mentioned terms and also languages. Below we are going to study it one by one in-depth, so let us begin to learn the meanings of the TCS and ultimately become able to the answer to what is the TCS full form?
TCS Full Form
The full form of the TCS is the Tax Collected at Source
T – Tax
C – Collected at
S – Source
The TCS is an abbreviation of the Tax Collected at Source, which is the tax collected by the seller from the buyer during the sale. This tax comes under Section 206C of the income tax Act governs the goods on which the seller has to collect tax from the buyer.
TCS Full Form In Tax
The full form of the TCS in the tax is the Tax Collected at Source
T – Tax
C – Collected at
S – Source
In the tax, the TCS means the Tax Collected at Source and it is collected from the purchaser by the seller at the time of sale.
TCS Full Form In Company
The full form of the TCS in the company is the Tata Consultancy Services
T – Tata
C – Consultancy
S – Services
In the company, the TCS is a short form of the Tata Consultancy Services, which is one of the growing Information and Technology company in various countries in short it is a multinational company. The headquarter of the TCS is in Mumbai, Maharashtra, India and it was established by Faquir Chand Kohli and Tata Son on 1 April 1968.
TCS Full Form In Car
The full form of the TCS in the car is the Traction Control System
T – Traction
C – Control
S – System
In cars, the TCS means a system and it stands for the Traction Control System which helps to accelerate and prevent wheel slippage when driving on curvy or slippery surfaces. It works in the background but it is one of the essential systems in a car and vehicle also.
TCS Full Form In Computer
The full form of the TCS in the computer is the Tata Consultancy Services
T – Tata
C – Consultancy
S – Services
TCS Full Form In Tally
The full form of the TCS in tally is the Tax Collected at Source
T – Tax
C – Collected at
S – Source
In tally, the TCS is a tax that is collected from the purchaser by the seller during sales of goods, and then its entry is done in the tally application for record purpose.
TCS Full Form In Exam
The full form of the TCS in an exam is the Tata Consultancy Services
T – Tata
C – Consultancy
S – Services
In the exam, the TCS is an exam conducted by the TCS NQT group as the initial screening in the hiring process followed by two interviews.
TCS Full Form In Civil Engineering
The full form of the TCS in civil engineering is the Tata Consultancy Services
T – Tata
C – Consultancy
S – Services
TCS & TDS Full Form
The TCS stands for the Tata Consultancy Services while the TDS refers to the Tax Deducted at Source
T – Tata
C – Consultancy
S – Services
T – Tax
D – Deducted
S – Source
TCS Stands For
The TCS stands for the Tata Consultancy Services
T – Tata
C – Consultancy
S – Services
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FAQ
What Is TCS Tax?
The TCS tax means the tax that is collected from the purchaser by the seller during sales of goods, and it stands for the Tax Collected at Source
Who Is Eligible For TCS Tax?
Such a seller who collects any amount by selling any goods aggregating 5 million INR or more from the purchaser is eligible for the TCS tax. And the TCS is at the rate of 0.1 % on the sale consideration exceeding INR 5 million as income tax.
Are TCS And GST The Same?
No, the TCS refers to the Tax Collected at Source and it comes under the GST which stands for the Goods and Service Tax.
Conclusion
Above we have studied all possible information about the TCS term in the form of its full forms and meanings in detail. The TCS stands for the Tax Collected at Source and it is the tax collected by the seller from the buyer or purchaser at the time of sales. The seller who collects goods aggregate equal to 5 million INR or more from the buyer such seller is eligible for the TCS tax. May this article will solve your all questions about the TCS term and the TCS full form.
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