Answer / d. das

TDS or best known Tax Deducted at Source is one of the modes of collecting Income-tax from the assessees in India. This is governed under Indian Income Tax Act, 1961, by the Central Board for Direct Taxes (CBDT) and is part of the Department of Revenue managed by Indian Revenue Service (IRS), Ministry of Finance, Govt. of India.

There have different percentage for different segment.

e.g. Interest on debentures - 10% HUF/others. etc.
Lottery/cross word puzzle & wining from hirse race-30%HUF/others.

In simple terms, TDS is the amount of tax getting deducted from the person (Employee/Deductee) by the person paying (Employer/Deductor). National Securities Depository Ltd. (NSDL) after having modernised the settlement system in the Indian Capital Market by pioneering scripless settlement is now in the process of establishing a nationwide Tax Information Network (TIN) on behalf of the Income Tax Department (ITD). This is designed to make the tax administration more effective, furnishing of returns convenient, reduce compliance cost and bring greater transparency.
NSDL will be the primary agency responsible for the design, implementation and maintenance of TIN as per the requirements of ITD.
[edit]

Contract - HUF/IND-1%, & Others - 2%

Insurance Commission - 10% HUF/Others.
Rent for Land & Building - 10% HUF & Others.

Please tell me the minimum exemption limit to applicable Fringe Benefit Tax.

6 Answers   Genpact,

---

can anybody provide list of balance Sheet & P & L Account?

5 Answers   Impulse,

---

I plan to buy a new flat in Hyderabad which has never been registered before. Area of the flat is 1115 Sq. ft. I intend to know the following things.1.) what should be the amount of registration?.2.) Is there any VAT. If there is VAT what is the percentage?.3.) Is there any service tax. If so, what should be the percentage? as per F.Y 12-13 rule

0 Answers  

---

How can done the Accounting of WTC ? OR WTC treat (Take) like Service tax credit?

0 Answers   Fidelity,

---

What are the matheods of calculating the Head under Salaries U/s 60(c)?????

1 Answers   GE,

---

what r the heads of taxation

8 Answers   Mphasis, TATA,

---

please send me andhra bank clerk xam model papers

0 Answers  

---

If we purchase material against Form-C from Mumbai and two address mentioned in the invoice i.e.invoiced address - Delhi and Shipped address-Banglore(material delivered address).So,from-C should be issued from which state.

3 Answers  

---

types of tax

3 Answers   Banking,

---

I am working in footwear company at Himachal Pradesh. we want to send raw material - (leather) for Job work our other branch. now my question is that will have we any permission taken from excise & sale tax deppt.

1 Answers   ABC,

---

what are the ways of paying service tax and vat montly manually??

4 Answers  

---

We don't have PT, s.tax registration. Our firm is 7 years old. If we want to register, what should we do? Any body can help.

0 Answers  

---