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Categories >> Accounting >> Taxation


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What Do U Mean By Tds
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
# 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
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What is excise duty   4
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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
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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
For more Taxation Interview Questions Click Here 

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