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Tax Deducted at Source (TDS) is a mechanism initiated by the Income Tax Department with the objective of collecting taxes from the sources of income generation. According to this concept, the responsible person (deductor) is required to deduct a some percentage of income as tax before accomplishing the payment to the receivers. The deductor is responsible to deduct tax on payments which include brokerage fee, interest, professional fees, salary, commission, rent, etc. subject to the terms and conditions stated in the relevant sections. TDS deducted is required to be paid to the income tax department by the deductor /payer on a related date as specified. TCS is a mechanism wherein the liable person (seller) is required to assemble a certain percentage of the amount as tax from the buyers at the time of sale of specific goods. TCS collection is applicable to the sale of certain goods which is not included from manufacturing and production material.