ALLInterview.com :: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Google
   
 
Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1899)
 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4360)
Question
what is the diffrence between tds and vat?
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
TDS is any amount paid by way of
salary,fees,commission,Rent,interest,etc is taxed at the
time of payment by the sourceThis is referred as tax
deducted at source.
VAT is the tax levied to the material in the process of
making the final good or product.Sine tax is levied only on
the value added to the product and not on the whole
material. It is referred to as Value Added tax.
TDS is a direct tax,whereas VAT is an indirect tax.
Some goods are exempted to VAT but there is no exemption to
TDS
 
Is This Answer Correct ?    68 Yes 8 No
Anju Joshi
 
Answer
# 2
TDS is the amount deducted at the payment or salary by
employer or whom will payment made.


value added tax is leived on the goods to sale with in the
state.
 
Is This Answer Correct ?    23 Yes 4 No
Santhosh Kumar
 
 
 
Answer
# 3
tds is a direct tax.and vat is indirect tax. 
Is This Answer Correct ?    24 Yes 5 No
Rahul
 
Answer
# 4
vat is a value added tax and when we purchase and sales any
item then we use VAT vat is like a Sale tax.if the value
added tax were in force than would the value addition of
rs.20/-at the hand of the reseller alone be subjected of tax
if we have to answer the above question on the basis of
first principle of VAT,
tax deducted at source is one of the mode of colecting
income tax the buyer and payer (deductor)deductes tax from
payment mode to the seller payee(deductee)the dedctor then
this tax to the income tax department within the stipluted
time.
 
Is This Answer Correct ?    25 Yes 8 No
Prince Nakwal
 
Answer
# 5
TDS is a direct tax & VAT is a indirect tax 
Is This Answer Correct ?    14 Yes 1 No
Ajay Shinde
 
Answer
# 6
TDS IS A Direct TAX AND VAT IS INDIRECT TAX 
Is This Answer Correct ?    14 Yes 1 No
Animesh Kulshretha
 
Answer
# 7
TDS is The Part Of Amount That deducted on income of
service done that may Salery,rent commision,fees,intrest at
payment time,it is direct taxable on services.
and VAT is part deducted at buy and sale of Goods,and it
is indirect taxable on goods.
 
Is This Answer Correct ?    11 Yes 1 No
Chandrakant
 
Answer
# 8
TDS - Tax deducted At Source.


VAT - Value Added Tax.
 
Is This Answer Correct ?    12 Yes 3 No
Ashish Kr. Dwivedi
 
Answer
# 9
TDS is a direct tax & VAT is a indirect tax.
DS is any amount paid by way of
salary,fees,commission,Rent,interest,etc is taxed at the
time of payment by the sourceThis is referred as tax
deducted at source.
VAT is the tax levied to the material in the process of
making the final good or product.Sine tax is levied only on
the value added to the product and not on the whole
material. It is referred to as Value Added tax.
TDS is a direct tax,whereas VAT is an indirect tax.
Some goods are exempted to VAT but there is no exemption to
TDS
 
Is This Answer Correct ?    10 Yes 2 No
Swatinerkar
 
Answer
# 10
tds is direct tax than this dedected u recipt & payment
above20000rs any source
vat is indirect tax this dedected source after buyer any
thin purchase than purachase amount + vat%
 
Is This Answer Correct ?    12 Yes 5 No
Suresh Haldonia
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
1. what are the ledgers to be open for service tax accounting & under which group in tally? 2. what is the journal entry to be pass when adjusting input & output service tax at the end of the month? Regards Sakthivel sakthi_135@hotmail.com   2
WHAT IS MAT   16
When tds should be paid to govt.? on provison of particular expense in com's book or after payment is made to party for that particular expense.   1
My firm issues a cheque for Rs 28000/- today towards Advocate fees to Adv. Mr X. After three months the same Adv. Mr X is paid Rs 25000/- as Adv.fees. How do I handle the tax part u/s 194J of the I.T.Act? Do I have to pay TDS on the first paid Rs 28000/- or ignore, or while paying him the 2nd cheque deduct tax on Rs 28000/+ Rs25000/= i.e., Rs 53000/=. Or on the other hand also pay Interest on TDS on Rs 28000/= for delaying the payment? Trust the issue is crystal clear?   2
What is the depriciation charged on animals such as elephants,dogs etc? KPMG 1
is it necessary to make payment to party in the same assessment year after deducting tds   2
what is document require for vat registration?   4
We paid advance rent of office for next 6 months, when should we pay the TDS into bank, is it will monthly or it will be in advance?   7
excise duty receivable is current asset and does not include in purchase value ? JPMorgan-Chase 1
(1)what is last date of monthly TDS challan deposit (2) what is last date of TDS quarterly Return filling First-City 32
how to calculate service tax   2
I want to now that if we have excises of input of Excise duty but not cess due the add duty on capital good can be adjusted agst 10 % excises so can we pay only cess amount.   1
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
   
Copyright 2013  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  KalAajKal.com