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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (427)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1897)
 Accounting General interview questions  Accounting General Interview Questions (2805)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4359)
Question
What Do U Mean By Tds
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Tax on income of previous year is usually made on the
assessment year. To avoid tax evasion, the Income Tax Act
has made provision to collect tax by way of Tax Deduction at
Source (TDS) and Tax Collection at Source (TCS).
 
Is This Answer Correct ?    3 Yes 0 No
Nandakishore Ambati
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
How to Claim Cenvat Credit.   2
What is excise duty   4
WHAT IS MEANING OF CENVAT CREDIT & CENVAT AVAIL   1
Is Late fee and service tax thereon LIC Premium is elgible for deduction u/s 80C ? Voltas 2
What is the reason of charging surcharges?   2
Which Schedule must prepared with Balance Sheet as a supporting documents. breifly explain? like depriciation,debotrs,creditors   1
There is a Service Bill of Rs.50,000 & Service Tax added 10.30% & We have to deduct TDS @ 2%. Assume that Service Tax Input Credit available to Ur Co. What is the Journal Entry for this? Motorola 17
Where show the sales return of exciseable goods?   2
If some body asks me m y TIN number what does that mean?? Is it my Taxpayers Identification number or it is my Tax invoice number? What does both of these stands for???   4
What is the due date for payment of service tax?   2
please inform the all tax rates (i.e. TDS, VAT, CST, Service Tax, PF, ESI, IT)with payment date, returns filing date and form Nos. for the same.   6
what is majore differance between TCS & TDS   4
 
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