What is TDS
Answer Posted / jahnavi koganti
tds stands for tax deducted at source.
person liable to deduct tax are assessees who are employers.
The tax is deducted by the employer and is remitted to the
government before the employee receives the salary.The rates
of tax are according to rates mentioned in partIII of the
finance act.
the responsibility of deduction of tax falls on the
employer,if not deducted he is liable to pay interest for
the period delayed.The employee may be a resident or a
non-resident.
In foreign countries this kind of tax remitted at source
is called withholding tax.
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?
Expand CASA
what is your achievements?
Enter the following in the petty cash book, using appropriate expenditure column headings. the book is kept in the the amount of imprest system. the amount of imprest is #40,000
How and by whom the Percentage of Depreciation is fixing?
what is the document spliting?
What will be entry pass in tally if TDS paid by Credit Card.?
difference between contra entry and double entry?
What is ABC Analysis in industrial function. hw can it s maintain ?
what types of essays are giving in bank of america. can any one tell the opics? LAVANYA
Expand---------BPCD
whts is the meaning of over cost and under cost, what is difference ?
which are the basic princeples of accountancy... with examples
Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset
What Are The Characteristics Of Modern Accounting?