what is actual meaning of Tax Deduction at source
- 10 Answers
- 19935 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
TDS is to be deducted and to be paid to the central
government on behalf of who receives any amount i.e
consultancy, contract income, rent or any under the head
prescribed by the government.
TDS is applicable if the payment is exceeds (one time
payment) Rs. 20,000/- or Rs. 50,000/- p.a during the year.
tds to be deducted as prescribed rates.
| Is This Answer Correct ? | 84 Yes | 10 No |
TDS Means Tax Deduction at Source which is source of tax
collection by central govt. & lavied on diff. type of
services provided by any person or firm.
| Is This Answer Correct ? | 26 Yes | 9 No |
Answer / hunny gupta
There are certain payments which are made by a company after
deducting certain amount of tax on it and that amount is
later on collected by the govt. For example, if a company
pays dividend to its shareholders, it will deduct a certain
amount as CDT(Corporate Dividend Tax). This deduction is
basically TDS
| Is This Answer Correct ? | 15 Yes | 5 No |
Answer / md azhar nazir
TDS is liablity of a company or firm which they paid to
goverment as they under different concern or event i.e
rent ,salary ,consultancy chrg,etc.they collecte the
certain amt then dedected form above and paid to govt. in
other recevied a salary as decdectd certian amt that called
the TDS.
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / saravanan
Dear Friends,
TDS which was implement by the indian govt.which can deduct on supplier invoice(only service provider).in this transportation exempted from tds...
we claim tds from govt or deduct amount from total tax which want to pay as income tax for every year
we can call tds as rotation money to govt.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / karthika
TDS is collection of money from dector after currect
payment by govt.
| Is This Answer Correct ? | 4 Yes | 4 No |
Answer / matt
deduction of tax at the source of payment...like rent
| Is This Answer Correct ? | 4 Yes | 13 No |
Answer / pankaj kumar chandwani
TDS is deducted by the deductor (Amount Payer) on the certain specified services on the behalf of the deductee (Payee/receiver)and paid to the Income tax department.
| Is This Answer Correct ? | 3 Yes | 12 No |
SHORTCUT KEYS WITH DESCRIPTION IN TALLY7.2 PLZ ANSWER IT.
Expand-------GDR
total capital stock
calculate the closing stock: if opening stock- rs.2327620 , purchase -23519280, direct expenses-1335225, sale:- 24884412, direct income :-286371
Expand---------STRM
Bank Overdraf is an Asset or a liability for a Bank?
• What is BRS, with an example?
7 Answers Accenture, College School Exams Tests, Genpact, Intelenet, Mellon,
How much time does it take for a pay order to be made?
What is LC (Letter of Credit)..?
What is periodicity concept
who is called consignee
which Electrical items is Exciseible
Audit 
