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Categories >> Accounting >> Audit


 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1905)
 Accounting General interview questions  Accounting General Interview Questions (2833)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4371)
what is meaning TDS?
 Question Submitted By :: Audit
I also faced this Question!!     Answer Posted By  
# 1
tds means tax deductions source. This will charged on
labour charges ,contractors,sub conractors,
commision,profisional charges .
Is This Answer Correct ?    120 Yes 20 No
# 2
TDS means tax deductions source. 
Is This Answer Correct ?    66 Yes 18 No
Prakash Das
# 3
Tds means Tax Deduction source its part of income this
advence to pay to tax department in behafl of intrest on
security, profession fees, contrectors/sub contractor,
winning from lottry etc.
Is This Answer Correct ?    60 Yes 15 No
# 4
TDS means Tax deduction source. This will charged on
resource fee, printing charges .
Is This Answer Correct ?    77 Yes 36 No
# 5
tds means tax deduct at source which we deduct from payment
of vendor
Is This Answer Correct ?    28 Yes 6 No
# 6
tds means tax deduction at source 
Is This Answer Correct ?    34 Yes 13 No
# 7
TDs means tax deducted at source .it is deducted when
payment is made or entry for liablity is passed ( which
ever is earlier ). this is deducted on payment for specific
purposes . like on salary commission , rent , payment to
contractors etc. payment for tds is done quaterly to nsdl.
Is This Answer Correct ?    28 Yes 8 No
Soma Tiwari
# 8
Tds means Tax Deduction source its part of income this
advence to pay to tax department in behafl of intrest on
security, rent & profesnal fees, salary, poloci.profession
fees, contrectors/sub contractor,
Is This Answer Correct ?    27 Yes 8 No
Mukesh Kumar
# 9
tax deduction source 
Is This Answer Correct ?    21 Yes 6 No
# 10
TDS mens Tax Deducted at soues which Deduct from Service
Is This Answer Correct ?    27 Yes 13 No

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if a person is transferred to other place he has not prepared any report regarding AUDIT and someone else is joined in his place and IF AUDIT IS CONDUCTED WHO WILL BE RESPONSIBLE FOR PENDING PREPORT Shriram 2
During the year a firm has received TDS of Rs.30 lakhs and out of this an amount of Rs.9 lakhs was adjusted against the taxes. However, in the balance sheet under the head assets,the firm shown Rs.30 lakhs towards TDS. Is it correct. In my openion, in the balance sheet, the assessee has to show only Rs.21 lakhs as asset in the balance sheet, after reducing the tax adjustemnt of Rs.9 lakhs. Pl. Clarify.   1
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