(a) Tax levied on international transactions
(b) Tax levied on domestic transactions
(c) Taxes collected by traders on behalf of the government
(d) Tax collected by individuals on their income
Ans.(c)
Sol. Tax Collected At Source (TCS) refers to the tax collected by merchants or sellers at the time of sale or provision of certain specified goods and services. The collected tax is then remitted to the government on behalf of the buyer or customer.
