What is TDS ?
Answers were Sorted based on User's Feedback
Answer / jayadevvarma
TDS is Tax Deduction at Source
Assessee pays tax in the assessment year on the income
earned in previous year . Due to this rule the tax
collection is delayed till the completion of the previous
year . Even some times people conceal their income and the
tax is mot paid at all . In order to overcome these
problems, government started deducting some amount of tax
from the amount . Whichis receivable by the assessee .The
amount of tax so deduvted is called as "Tax Deducted at
Source".
It is one of the methoding of Collecting Tax.
Is This Answer Correct ? | 13 Yes | 1 No |
Answer / rabindra mallick
TDS means "Tax deducted at Source"
It is part of income tax deducted by deductor on behalf of an assessee at a periodical basis & deposit the same on Govt account at timely basis.
It reduces the ultimate tax burden of an assessee.
Is This Answer Correct ? | 2 Yes | 0 No |
WHAT IS THE MANAGEMENT ?
I want to know the TDS ammount which deducted by company.
WHAT IS THE LAST DATE FOR PAYMENT OF TAX OF EXCISE DUTY IN CASE OF ( SSI ) UNIT .
What are the treatment & implications if party doesn't provide C Form in interstate sales transactions & also same if provide C Form.
pls tell what is TDS CONCEPT IN RELETION TO TRANSPORTOR
Can I make a my HOUSE RENT AGREEMNT in the favour of my wife (LAND LORD) of Rs. 25000/- (twenty five thousand per month). if yes then what are the liabilities on me and my wife (land Lord) w.r.t INCOME TAX Act.
if threshhold limit is crossed then tds is deducted on which amount ? Aggregate or exceeding threshold limit?
How can I calculate TDS AND FBT tax for a Travel Company?
2 Answers Real Estate, Travel Plan,
i working chemical manufactoring company ,i purchase of raw materials for finished good that year was no sales that input is applicable or not , that input carry forward to next financial year it is possible or not
In income tax which statement have 4 limit ?
if i paid interest on tds for ex:- tds deducted on rent for the month of april, may, june rs. 20000 each for month and tds paid on 7th july then i have to pay interest @ 1.5% for rs. 1200 , 900 , 600 respectively , so i wanted to know what is the entry for rising of this interest in accounting software other than tally
What is the procedure to intimate Change Name of Business in maharashtra Vat Act, which form to be fill.