what is tds
Answers were Sorted based on User's Feedback
Tax Deduction at Source
Generally companies Deduct this tax from Contractors
as per the govt rules of income tax act.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / vishu.u.s
TDS ( Tax Deducted at Source ) is the amount of Tax deducted from the payment of some expenses or fee by the payer of such expenses.The nature of payments comes under TDS and the rate at which it is deducted is mentioned in Income Tax Act 1961.
Examples of such Payments : Salary, Interest, Professional Fee,Payment towards winning from Lottery, Cross word puzzle, card games etc.
| Is This Answer Correct ? | 3 Yes | 0 No |
hi, When we post vendor down payment by the t-code f-48 the TDS line items are not flowing when i am simulating it.there may be some error in configuration.please help me.
can a company deduct tax at source on thier telephone and broadband billing? if yes then what will be rate of TDS?
I DED TDS ON SALARY AND CONTRACTOR WHERE I DEPOSITED THIS AMOUNT WHICH PROCESS I FLOW TO FULL FILL ALL THE MANDATORY
Income Tax Rules related to TDS?
There is a sales return in the month of April'09, we didnot take input credit for such return. shall it possible to take now? what the time limit to take such sales return input credit in VAT?
What is the procedure of geting vat refund for construction division where output is nill?
What is PLA Account & briefly say the central excise returns, due dates & entries
I intend to know what is the liablity of the Company paying commission to an individual under section 194H relating Payment for Commission in terms of obtaining PAN no from the individual? What is the maximum amount of commission up to which the same could be relaxed or it is not mandatory.
DEFINE 'SALES TAX, CORPORATE TAX, PROFESSIONAL TAX & INCOME TAX'? (please give accurate definitions dudes)
My client was sold his residencial flat before few days they will not decide investment in another residential flat what can he invest the money without any tax liability? Can he open capital gain account and will he invest in resident plot in future ? what will exact planning?
How to calculate long term capital gain
plz any bdy tell me about use of vat form r1 & r2 & it's use?..........