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What is TDS
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Answer / sukumar
TDS stands for Tax deducted at source. It is our duty to
deduct TDS from the asesse (who get the income)and the same
will credit to asesse PAN NO.
| Is This Answer Correct ? | 14 Yes | 2 No |
Answer / pratidnya mundada
TDS is one of themodes of ecovery of Income Tax.The
provisions relating to TDS not only help catch more and
more pepole in the tax. The provisions relating to TDS not
only help catch more and more pepole in tax net but they
also ensure true and full disclosure of income in the tax
return.
| Is This Answer Correct ? | 126 Yes | 115 No |
Answer / rabindra kumar mallick
TDS Means tax deducted at source, it is suplement of income
tax of assesse, deducted at the time of some partucular
income & at a certain % as per income tax rule.
| Is This Answer Correct ? | 14 Yes | 4 No |
Answer / simran
TDS is tax deducted at source
when an organization make payment to its creditors then
at the time of making payment it deduct the TDS from
total amount.
and it is the duty of the concerned organization to
deposit TDS to income tax authority.
RATE OF TDS =2.266%
| Is This Answer Correct ? | 12 Yes | 2 No |
Answer / parmod sharma
Tds is the tax which is deducted by an organisation on the
behalf of its creditor and deposited it in to Tax
Department.It is responsibility of An Oraganisation that it
deduct the TDS from Its Professional,Contractors,Rent
etc.It is a legally ordered by Tax Department.
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / sridharan.v
TDS means Tax deduted at Source. It is the tax that
an assessee has to pay at the time of earning an income..
it is different from tax paid at the time or filing return
since it is paid in the previous year itself.
TDS is deducted at prescribed rate as per the Finance Act
of that year.
It is Paid by the company
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / nitin mankar
This is a provision in Income tax act. Due to Tax Deducted
at source (TDS) the tax deduction is compalsory to a party
who is making a contract or rending the services from
outside parties. Tax deduction is applied either bill
booking of outside parties level or payment to those
parties level, which ever is earlier.
TDS is a liability of Deductee he has to submit TDS returns
next month through TDS challan and issue a TDS Certificate
(Form 16 and 16 A).
Resently this activity is done through E mail called E-TDS.
| Is This Answer Correct ? | 8 Yes | 0 No |
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