Answer / chandan singh rawat

tds mean tax deduction at source, it mean any type of souce
which's earning an income from that source, that should
need deduction,which is deducted at prescribed rate of
finance act who's sertified by finance minister is called
tds.

Answer / bhoomika dalela

The payer has to deduct the amount of tax payable from the
income of payee at the time of deduction of tax from the
source of income at the same time of income.

Answer / kulwinder singh

tds means tax deduction at source

Answer / vijay gawalkar

Tax deducted at source or well known as TDS is one of the
modes of collecting Income tax from the assessees. This is
governed the Income Tax Act, 1961 and levied by CBDT.

TDS is the tax getting deducted from the person receiving
the amount by the person paying such amount. This is
applicable to certain types of payments, as applicable is
the said Act.

In the process of TDS, deduction of tax is effected at the
source when income arises or accrues. Hence where any
specified type of income arises or accrues to any one, the
Income-tax Act enjoins on the payer of such income to
deduct a stipulated percentage of such income by way of
Income-tax and pay only the balance amount to the recipient
of such income.

The tax so deducted at source by the payer, has to be
deposited in the Government treasury to the credit of
Central Govt, within the specified time. The tax so
deducted from the income of the recipient is deemed to be
payment of Income-tax by the recipient at the time of his
assessment.

Answer / krishna dey

TDS stand for Tax Deducated at Source,Any income payable
to the assessee shall be liable for deduction of tax at
source by the person responsible for making payment.

Answer / poonam hingonekar

Any income payable
to the assessee shall be liable for deduction of tax at
source by the person responsible for making payment. TDS is
deducted at prescribed rate as per the Finance Act of that
year.After deduction of tax employer pay
the salary to employee.

Answer / surendra

TDS - TAX DEDUCTED SOURCE

Answer / kalaiselvi

tds is tax deducted at source the person as to pay at the
time of earning an income an individual means tds is 1%.if
we pay the tds,it payment is reduce

Answer / mani

Tds Means Tax Deducted at source.In this company will adjust Both INPUT AND OUTPUT tax together.The Remaining amount will be paid.

Answer / swetha

THE MEANING OF TDS IS TAX DEDUCTION AT SOURCE.SOURCE IS THE INCOME EARNED BY DOING WORKING OR FROM ANY OTHER BUSSINESS.WHERE AN INDIVIDUAL HAS NECESSARY PAY TAX TO THE GOVT FOR THE INCOME EARNED OR SPENT.THE INDIVIDUAL IS KNOWN A THE ASSESE HERE.

what is commerce.

7 Answers  

What is a share?

1 Answers  

What is MIS reports. How can we make it and what is process to make it and what is the advantage of it in business world

4 Answers  

What is US GAAP?

1 Answers  

Who prepare income and expenditure account and for what?

9 Answers   Scope International,

Hi, I would like to check if my understanding is correct I have a negative amount for provision of income tax in my balance sheet from my previous financial year.What are the accounting treatments for income tax paid and then refunded to you for the current year? Is this correct? For payment Dr provision of income tax cr bank For tax refund Cr provision of income tax Dr bank Do I need to input anything in income tax expense acct?

0 Answers  

difference between company and industry?

7 Answers  

How many methods are there in capital budgeting? what are those.

5 Answers   Capital IQ,

Expand --------CAIR

2 Answers   DRDO,

When did the accounting requirements of the revised SORP & Regulations come into force?

1 Answers  

You configured new asset accounting with three depreciation areas that post in real time. You need to do a partial scrapping to an asset in transaction type. How many document does the transaction create ?( any 1 answer) 1 3 4 6

0 Answers   IBM,

Can You Please Define Book-Keeping?

1 Answers