:: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Categories >> Accounting >> Accounting General


 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1903)
 Accounting General interview questions  Accounting General Interview Questions (2826)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4368)
What is the Difference Between Income Tax and TDS ?
 Question Submitted By :: Accounting-General
I also faced this Question!!     Answer Posted By  
# 1
Income Tax follows 1961 Income Tax Act, TDS i.e., tax
deducted at source is a main tool of income tax. It
consists varieties section which's been written in IT Act.
Is This Answer Correct ?    7 Yes 1 No
Debasish Podder
# 2
income tax is wider term means it is an act 1961 under the
central board of direct tax act & the tds( tax deducted at
source) is a tax which paid by an employees from his
salary to the employer & the employer will deposite the
amount of tax ( tds) to the income tax department
Is This Answer Correct ?    1 Yes 0 No
Sachin Pathak
# 3
Income tax is statutory payment against Income chargable by
income tax act 1961 by an assessee. TDS is a deduction from
his income at a specific rate as per rule of income tax act
and this deduction will be adjust from the actual tax
payable by the assessee against incmme at the time of
filling of return. Likely to say that TDS likea provision.
If the tds is greater than tax then balance will be
recoverable and vice versa.
Is This Answer Correct ?    1 Yes 0 No
# 4
sharma ji, too many question?

kindly read any +1, or +2 accounting book. or any general
accounting book.
Is This Answer Correct ?    1 Yes 9 No

Other Accounting General Interview Questions
  Question Asked @ Answers
whah is price earning formula? FactSet 9
If We Paid For Advertising Exp To XYZ Co,which Voucher It Entered?   4
What is the rate of claiming Input service tax i.e 20% or 100% o   4
What is the difference for calculation Depreciation as pert Companies Act and Income Tax   1
what is BRS   3
Why do you want to work as an accountant?   2
what is the difference between 'quotation' and 'proforma invoice'?   2
what is capital employed? Capital-IQ 3
What is the Difference Between P & L A/C and Income and Expenditure A/C ?   3
I have an invoice here amounting to $1893.60 (purchases), a credit note of $61.00. I have paid the vendor $1,832.40. How should I record my entry? I am aware that the credit note entry is using journal and the payment is using payment voucher. But I am not sure how to post the entry. Please help. Many thanks.   4
what is prime cost &overhead cost Adp 1
Our company deposited an amount of 20000 as FD . After the maturity period we are not received any interest and the bank deducted 2938 amount as TDS from our interest and added the interest to the principle amount and renewed the FD. then what is the journal entry for the same. Spice-Telecom 2
For more Accounting General Interview Questions Click Here 

Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
Copyright 2013  All Rights Reserved.   ::