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Categories  >>  Accounting  >>  Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Taxation interview questions  Taxation Interview Questions
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Question
What is the TDS . and how can we identify this is TDS 
Deductable or not.
 Question Submitted By :: Youlaxman
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is the TDS . and how can we identify this is TDS Deductable or not.
Answer
# 1
TDS is a tax which is deducted on service provider by 
service receiver means tax deducted at source.

It is identify depends on contract of service & service 
value, transactions exceeding to Rs. 20000/- or in one 
financial year if transaction are made upto Rs. 50000/- in 
individual seperate entry or payment.
 
Is This Answer Correct ?    10 Yes 3 No
Pardeshi Pawar
 
  Re: What is the TDS . and how can we identify this is TDS Deductable or not.
Answer
# 2
tds is tax deducted at source. which are deducted on income 
in nature of direct and indirect as per the rate applicable 
under income tax act
 
Is This Answer Correct ?    1 Yes 1 No
Bisurajak
 
 
 
  Re: What is the TDS . and how can we identify this is TDS Deductable or not.
Answer
# 3
tds is tax deducted at some source 
it is decuted on expenses & incomes
when the payer or deducter is paying certain amount to his 
s.creditor or deductee he deducts certain amount as tds and 
deposite that amount to the govt within 7 days of deduction 
and issue a certificate to dedutee ( form 16 or 16a)

on tds we will get half yearly returns
 
Is This Answer Correct ?    0 Yes 0 No
Javeed
 

 
 
 
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