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
What is the SEZ formalties in cement Industry?
what is the journal entry for sales on discont. what is the journal entry for purchase on diicount.
Dear All, We are a trader and doing one E-1 sales. Supplier send the material by To-pay basis, we endorse the LR and sold to Customer. Customer has given the purchase order for Basic amount and freight amount also. That means we have to pay the freight and getting the reimbursement from customer. In E-1 sales Invoice can we show the freight amount separtely as freight ? Since the customer need the freight head should be shown separetly. Or can we raise the separate debit note for this. Is it create any tax implifications in E-1? Please claify the same at the earliest. regards Regards Thananjeyan.P
how to calculate vat, st, cst, excise duty, customs duty, tds.
how will one calculate TDS when the bill is with service tax (SAY an AMC bill ) and what treatment will be there when it is a rent bill with service tax. is there any rules in income tax as to deduct double taxation?? pls help with rules sir
I have mentioned the buyer as in Kolkata and the consignee's in Jharkhand now the consignee has issued the C Form whether the C Forms is acceptable or not kindly help me
I want to know the TDS ammount which deducted by company.
how to generate H-form and procedure for generate?
what is the objective of business taxation in private company?
Can Guradians (other than parents) be dependents and can we get exemption on them at Taxation part like Medical, LTA and Sec 80DD? Pls Comment.?
we have received TDS Certificate (Form No 16A) from one company, we have checked online credited but they not credited to us (online credit)..how can i refund that amount. pls send us letter format
Can we get excise and VAT credit form staff welfare goods like shoes, uniform, goggles etc.?
if the goods are purchased against H Form, is there any specified time limit winthin which they should be exported?; if yes then wat is that limit?
80DD Dediction
what is city commodity tax