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
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.
we deposited securoty to a party and now due to us interest
amount then party deduct TDS on interest but we not recive
cash or in bank he credited our account in his books so
what will be the journal entries in our's books.
1.Is deprciation a source of funds? How is it treated in
calculatiing fund from operations?
2. What is standard costing? Ple. give its advantages.
3. What do you mean by solvency ratios. List two types of
solvency ratios which are used by variuos firms.
4. What is objectives of Job costing?
5. Explain Brifly two capital budgeting technique using
discounted cash flow criteria.