Answer Posted / rupak karki
tds is simply a source to deduct tax.
we have two criteria one is for salaried income and other is non- salary income.
for salary income if a person exceed his exemption limit then employer have to deduct TDS and for that he'll issue form 16,
for non-salary there r many u can find mostly in section 194 of income tax, here also TDS must deduct but after exceeding some limitation and the deductr will issue Form 16-A.
24Q- is quarterly statement of TDS for salary income and
26Q- is for for non salary income and u can find all this in 26AS.
about payment against invoice we also deduct tds for example if i am a CA and i am giving consultancy to A company then i as a CA issue a bill and A co. will pay , at paying time the conultancy charges + S.tax= total then 'A' company will deduct TDS from total amount and balance will be paid to CA.
like
cons charges = Rs10000
S.tax@ 12.36%= Rs 1236
total= Rs.11236
TDS under 194-j @ 10%=Rs1123.6
amount paid to CA= Rs(11236-1123.6)
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