Why we Deduct TDS?

Answer Posted / d. k. gupta

Under the rule of Income tax department who will be
responsible to deduct the TDS !when the income and payment
are as under the deductable! if your salary is exceeding
from exemption of tax then your salary payment after tds
deduction and issue 16A certificate for this proof. there
are items for tax deduction at source : e.g.

Salary
Rent
Commission
Prof.and technical fees
interest

Is This Answer Correct ?    31 Yes 10 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

An applicant paid excess amount to the Government Office through a demand draft for a particular permission/license instead of actual fees. Later he went to government office and requested to return the previously submitted demand draft. Can he get back the Previously submitted demand draft(which was not adjusted into government account) duly paying he actual fee?

1529


do we have to learn all the shortcutkeys in tally.i am from non commerce background ,where should i start from.

1542


How is the expenditure of developing a modified product treated?

1448


what is the difference between accounts manager and finance manager?

1717


Expand---------MNOP

1587






how to do the finalise of account? what is the step? why we need to do like that?

1571


what are the questions commomly asked in reuter's interview.?

1852


Explain Cash Basis of accounting

1577


which kind of expenses or Income will come under direct expenses or Income ?

1603


How do you set the increment point in appraisal of salaries. It becomes so difficult for the employer to hear again and again about increment

1608


How do you plan to achieve these goals

1865


What is the rate of basic excise duty and specific duty And I want to know that how can I see that vat rate in up ,excise duty and tds details Please tell me site plese

1567


Expand ________FOR

1725


institutional investors?

1548


diffrence between the profit center and business area

1663