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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1904)
 Accounting General interview questions  Accounting General Interview Questions (2830)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4369)
Question
What is TDS
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
tds stands for tax deducted at sorce... 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...
 
Is This Answer Correct ?    1441 Yes 250 No
Nimish Bhatia
 
Answer
# 2
TDS stands for Tax deducted at source. 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.
 
Is This Answer Correct ?    897 Yes 160 No
Vijay Gawalkar
 
 
 
Answer
# 3
TDS means Tax Deducted at Source 
Is This Answer Correct ?    297 Yes 91 No
Prasad
 
Answer
# 4
TDS is deducted at prescribed rate as per the finance act
of that year standards for tax deducted source.
 
Is This Answer Correct ?    313 Yes 173 No
Murali Krishna
 
Answer
# 5
TDS is statutory obligation improved by Income Tax Laws on
each partnership firm/ Company.
The main motive of Govt. is to collect Income Tax at the
origin itself when payment is being made or expense bill is
accounted for (whichever is earlier).
TDS is applicable on various types of transactions viz.
Interest,Payment to Contractors,payment to
Consultants,Payment of Rent,Payment to Employees etc.
The rate of TDS varies for each of the above categories and
the rate of TDS also varies on the constitution of the
party we are dealing with (Corporate/ Non-corporate).
Further, TDS is liable to be deducted only when the amount
of payment exceeds minimum limit for TDS category in one
accounting year. Further in order to reduce hardship on
smaller contractors a provision is made under Income Tax
rules to levy reduced TDS rate for certain period on due
authorized letter.
 
Is This Answer Correct ?    129 Yes 24 No
Mohan
 
Answer
# 6
TDS Means Tax Deducted at Source, salary TDS means, whoever
will get more than 10000 salary per month, they will come
under the slab (Salary TDS) TDS will charged, Nature of
Payment and it will be in different SECTION
 
Is This Answer Correct ?    285 Yes 188 No
Sravanthi
 
Answer
# 7
TDS (Tax Deducted at source) is the amount which is
deducted by anybody (Individual/Firm/Organisation) who is
having a valid TAN No. and have a valid contract with the
assesse as per the rates defined by the finance ministry
and the amount is being credited in govt. a/c by the tax
deductor and issue a TDS certifiacte to the assesse
 
Is This Answer Correct ?    125 Yes 34 No
Saurabh
 
Answer
# 8
TDS Means Tax Deducted at Source, salary TDS means, whoever
will get more than 10000 salary per month, they will come
under the slab (Salary TDS) TDS will charged, Nature of
Payment and it will be in different SECTION
 
Is This Answer Correct ?    179 Yes 99 No
Vitesh Tandel
 
Answer
# 9
Dear Sir,

What is the TDS rules, How we will charge TDS on Services.
 
Is This Answer Correct ?    161 Yes 104 No
Sachin Kumar
 
Answer
# 10
hi
tds is tax deduction at source
 
Is This Answer Correct ?    89 Yes 33 No
Ravi
 

 
 
 
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EXPAND______________IDBI?   4
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What are Entry in Tally of payment from Creadit card of Petrol and Diesel ?   5
 
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