what is diffarant tds and incometex.

Answer Posted / pravin

TDS is has been paid for the servies what we provide to the
other party & Income tax has been paid for the income what
we earn. But simlarly TDS is the part of Income tax, i.e.
If a person prvide servies to a company, at end of the
financial year that company gives him a TDS certificate for
the payment what they made to him for his services. Since
that person has only that business, while filing his income
tax (Income what he earned from the business), he will also
submite his TDS certificate to avail the tax benifit.
Because the tax has been already deducted from his income.

Is This Answer Correct ?    4 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

A company produces and sells 12500 units of Commodity X at Rs 50 each. The variable cost of the production is 20 % of selling price. Fixed cost being Rs 100000 per annum. Calculate the PV ratio and BEP if.  The selling price is reduced by 5 %.  Fixed cost is increased by 2 lacs

1412


I want to become CFA so kindly provide me all information regarding this like fees structure,colleges in mumbai,duration etc.

1307


hey! i have an interview for PO in union bank on 11th feb. can anyone please tell me what major topics should i prepare for? of course npa is there. also cibil and basel basics. is there anything else i should prepare?

1515


when calculating for np% do i include interest or do i take it off

1970


what is futures and options?

1662






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

1856


What is meant by consignment

1683


What is the GDP growth?

1636


what is cost centre , job costing & Budget control. what is the effect of these.Explain its briefly.

1637


can i get exact salary of clerk in SBI. and i want to know about promotion details .....

1465


Give some questiong with anser with are usally ask to the interviewer in interview. Please give answer with detail.

1669


can we get all interview questions with answers in tally 9 which mostly asked in MNC's.

1911


Nike,Inc. has developed a variable-overhead rate of $10 per machine hour,and estimates fixed overhead $250,000 for production up to 100,000 units per year. If the production manager estimates 9,000 machine hours for the production of 90,000 units next year, what are estimated variable-overhead costs?

1821


what is absorbtion coasting?

1850


if you fix salary to some body for Rs.10000/- what are the segregations to be done and what are the deductions to be done (segregations like basic, da,ta,conveyance etc., how ? what percentage what speaks law) and deductions what are those like, pf,esi,pt, etc., what ever

1554