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Categories >> Accounting >> Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (157)
 Taxation interview questions  Taxation Interview Questions (1893)
 Accounting General interview questions  Accounting General Interview Questions (2781)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
what is the diffrence between tds and vat?
 Question Submitted By :: Guest
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is the diffrence between tds and vat?
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
 
  Re: what is the diffrence between tds and vat?
Answer
# 2
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 ?    24 Yes 8 No
Prince Nakwal
 
 
 
  Re: what is the diffrence between tds and vat?
Answer
# 3
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
 
  Re: what is the diffrence between tds and vat?
Answer
# 4
tds is a direct tax.and vat is indirect tax. 
Is This Answer Correct ?    22 Yes 5 No
Rahul
 
  Re: what is the diffrence between tds and vat?
Answer
# 5
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
 
  Re: what is the diffrence between tds and vat?
Answer
# 6
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
 
  Re: what is the diffrence between tds and vat?
Answer
# 7
TDS - Tax deducted At Source.


VAT - Value Added Tax.
 
Is This Answer Correct ?    12 Yes 3 No
Ashish Kr. Dwivedi
 
  Re: what is the diffrence between tds and vat?
Answer
# 8
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
 
  Re: what is the diffrence between tds and vat?
Answer
# 9
TDS is a direct tax & VAT is a indirect tax 
Is This Answer Correct ?    14 Yes 1 No
Ajay Shinde
 
  Re: what is the diffrence between tds and vat?
Answer
# 10
TDS IS A Direct TAX AND VAT IS INDIRECT TAX 
Is This Answer Correct ?    14 Yes 1 No
Animesh Kulshretha
 

 
 
 
Other Taxation Interview Questions
 
  Question Asked @ Answers
 
WHAT IS THE RATE OF TDS ON SALARY,RENT,COMMISSION,CONTRACT,INTEREST, BROKERAGE ETC   8
What is the full form of TDS & TCS   24
sir we did not pay tds in due date what is the rate of interest after due date how much percentage we have to pay interest   2
what is Input and Output TATA 2
if v have contract with the Purchasers then on the purchase bill which has VAT, can v deduct TDS Contract basis under 94J   3
What is Sale in Transit Transaction and what are the forms issued and get form parties ? Ernst-Young 2
What will be general entry for VAT or Sales Tax paid to government in cash for an Financial year?   1
what is SLR Banking 4
If purchaser receive 4 nos Invoice from seller agnst Inter State Purchase in One Quarter and By mistake Purchaser issued one Form C in One Quarter only for 3 Invoice. Can he (Purchaser) issue another Form C for rest 4th Invoice or not???   3
What are the capital gains exempt from Tax?   2
Which form we use for depositing Service Tax ABC 4
CAN TDS BE DEDUCTED IF LABOUR CHARGES ARE PAID IN CASH   3
 
For more Taxation Interview Questions Click Here 
 
 
 
 
 


   
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