what is tds and why its charged on pament or receipt
Answer Posted / d.naveen
TDS Means Tax Deducted @ Source. it is applicable for
payments olny certin expenses eligable for the TDS aspects
ex,. RENT - when exceed the Rs.10000/- P.a, Interest -
Rs.5000/- above and Commission - Above 5000/-. above all
the items are profit decreas items so I.T impliment the act
for T.D.S whatever u pay the payments u will deduct the
some amount that will be collect to me .
Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
how to calculate and submit to the concerned authority of pf,esi,pt. explaine?
if i have a educational loan on my name, can i show for tax exemption on current year income tax? Is it applicable for tax exemption (educational loan)
how to calculate vat, st, cst, excise duty, customs duty, tds.
'A' is running a manufacturing set up. 'B' sends raw material (after paying CST) to 'A' for manufacutre of his specified product and 'A' keeps 'B's stock in his godown. Can 'A' buy this material from 'B' by raising a CREDIT MEMO and in the books regularises by passing Journal Entry Dr.Raw material inventory and Cr. 'B's Account.
How can deduct tds from auction cases (timber)
What is the eligibility criteria of C-Form(Manufacturing goods of borewell bits, Hammers, Drilling Tools and Air compressors, etc..). If such company will purchase safety shoes, buyer can eligible to issue C-Form?
how to adjustent the accounts part of the company and how to calculate vat and gst .kindly answer me sir. my e-mail id is:- dipak92.dip@gmail.com
Apply for TDS certificate in bank for rent purpose is wrongly entry as 94C instead of 94I. Is any problem?
where is applicable WCT & what is limitation for applicable it on company.
What is Excise duty? What is Edu Cess & Sec Edu Cess? Why and when it is applicable? What is Excise Claiming?
Sir My, Que. We recived hotel housing & bording charges so i have dedu. tds when section
The CST assessement for the FY 2006-07 is completed on 31-3- 2010 and the same is received by dealer on 22-4-10. The question is that the dealer colud not produced the original H Forms at the time time asst. except the photostat copies filed. But the CTO not allowed and calculate tax at net 4% on H Forms turnover. CTO is saying that it is time barred by 31-3-10. Therefore even after produced we can not revise. We filed with case laws that it can be revised But when it is time barred it canot be. Therefore I request You to help the dealer ANYCASE LAW is there in the above case Pl. guide us.
Making delivery challan is possiable between two branch of difference code
WHAT IS FORM AND OTHER REQUIRMENT FOR FILE EXCISE RETRUN AND HOW WE FILE EXCISE RETURN ?
what difference in motvat & cenvat? and why this prepared?