What is TDS? Please explain rate of TDS.
- 12 Answers
- 38164 Views
- Accounting, ITC Infotech, KMC, vguard, I also Faced
- E-Mail Answers
Answer Posted / g.siva raju
TDS MEANS TAX DEDUCTED AT SOURCES. THAT MEANS TAX SHOULD BE
DEDUCTED ON THE INCOME OF THE ASSEASSEE AT THE TIME OF
PAYMENT OR AT THE TIME OF CREDIT WHICH EVER IS EARLIER.THE
SAME HAS TO BE DEPOSITED WITH THE GOVT. A/C.ON OR BEFORE
7TH DAY OF THE NEXT MONTH,OTHER WISE THE EMPLOYER/DEDUCTOR
HAS TO FACE PHENALTIES, INTERESTS ETC. AND TO DEDUCT THIS
TDS FROM HIS EMPLOYEES & CONSTOMERS THE COMPANY SHOULD HAVE
THE TAN (TAX DEDUCTION ACCOUNT NUMBER). THIS IS MANDATORY
VIDE INCOME TAX RULES 206C OF INCOME TAX ACT 1961.THW TDS
RATES ARE DIFFERENT FROM EACH OTHER BASED ON THE NATURE OF
TRANSACTIONS & TURNOVER VALUES.
| Is This Answer Correct ? | 62 Yes | 8 No |
Post New Answer View All Answers
what is the actual use of pure agent in tally erp 9 and why we use in tally .and what is the role of pure agent
i want to know that how much input credit we can take of service tax if our input service tax is greater than of out service tax what we should do?,,,,,,,,,,plz reply as soon as possible
Basing on what we can made TDS payment
Tell about dvat and dvat rate
Dear sir, mu question is that can one lunch (Tiffin) provider person mention both vat or service tax on his bill. pls. give me answer. EXPLAIN BRIEFLY.
What r the foll tax deductions for :- 1.TDS 2.WCT Give me answers in detail & give me some addtional info on these topics which would be helpful for me.
Sir we have maintaint RG 23 Part I Excise Register manually but we can maintaint excise register in Tally erp 9 we tray but tally not show properly RG 23 Part I Excise register like manual. please guide & solve the problme.
how many sale tax charged on the billing for central dealer by uttar pradesh dealer at furniture items ? & how many sale tax charged for u.p. dealer by up dealer ?
How many heads are there under total income? Name them.
please tell me friends what are the formats of excise return and vat return?
how to calculate vat, st, cst, excise duty, customs duty, tds.
Define assessment year.
can we do manual tds return file or r-tds is complusry? if we can do manual tds return file, where i have to go for return file. like we go to income tax department for Income tax return file in manula tds case.
What is Labour Cess? Pl. define. & what is rate of Labour cess.
F FORM RECEIVED FROM SUPPLIER, NOT DEDUCTED GOODS RETURN AMOUNT THEREAFTER WHAT IS THE PROCEDURE DONE BY DEALER?
