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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
  Question Asked @ Answers
What is the difference between TDS and TCS? Godrej 14
how many types of sale tax returns?   2
scrap material value 5000/- vat rate is 5%+tcs. now my question is much value of tcs & vat. 2.after taxable value add vat or add tcs (before vat or tcs) & how much value of vat & tcs. Plz reply me   1
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.   1
We have sales some items to our customer 4 yr. before and he is refusing to issue C form so, what can i do. Merino 1
What is the difference between Direct &indirect tax?   5
hi i want to know that what r all the component which r applicable for tax in salary,whether it is payable or reimbursement   1
How can we treat sales to Nepal by road. Is it treated as Export ? What are the supporting documents presented to Commercial Taxes Office   1
If my company undertakes an AMC (Annual Maintainence Contract)with a Service company for Photocopiers Machines it is understood that we will be charged 12.36% of Service Tax on 70% of Total amount however how much percentage VAT is applicable on rest of the 30 % of total amount?   3
How to Claim Cenvat Credit.   2
How many financial statements are there? Deloitte 17
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