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what is TDS

Answers were Sorted based on User's Feedback



what is TDS..

Answer / arnab bhattacharya

Full form of TDS is Tax Deducted at Source.
It is an indirect tax and deducted from the source where
the payment is made. i.e. For salary TDS is deducted by the
Employer & also deposited by the Employer for the Employee.

Is This Answer Correct ?    21 Yes 6 No

what is TDS..

Answer / jyothi

Tax deduction at Source.

Is This Answer Correct ?    12 Yes 2 No

what is TDS..

Answer / amit kumar tiwari

TDS means Tax Deducted at Source. It is the amount withheld
from payments of various kinds such as salary, contract
payment, commission etc. This withheld amount can be
adjusted against your tax due.

Is This Answer Correct ?    5 Yes 1 No

what is TDS..

Answer / amit goyal

T.D.S. - TAX DEDUCTION AT SOURCES

Is This Answer Correct ?    3 Yes 2 No

what is TDS..

Answer / rajeshwar

tax deducted by the service receiver on service provider at
the time of payment or book entry which ever is earlier

Is This Answer Correct ?    3 Yes 2 No

what is TDS..

Answer / nagendra chary

tDS means Tax Deducted at Source. It is the amount withheld
from payments of various kinds such as salary, contract
payment, commission etc. This withheld amount can be
adjusted against your tax due.

Is This Answer Correct ?    0 Yes 0 No

what is TDS..

Answer / sandeep kumar sharma

Tax Deductiet Source,
It is in Indirect Tax

Is This Answer Correct ?    3 Yes 8 No

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11 Answers  


I have purchase one air ticket from a travel agency. They allow 3000 rupees ticket to me for the total ticket purchase.But they debited staturoty TDS to me. I ask them for the legibility of this, they replaied they had received commission from airlines and airlines catch TDS from them and naturally it comes down to sustomers also. But my doubt is Airlines are allowed commission to Travel Agency and Travel Agency are not shared commission-they allowed discount. So is this TDS is applied for me or not?

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