What is TDS,rate od TDS and who is liable for TDS?

Answers were Sorted based on User's Feedback



What is TDS,rate od TDS and who is liable for TDS?..

Answer / vipul chauhan

tds rate which is applicable in different income when the
income in more than exemption limit under the tds rate then
tds is applicable and such tds amount refundable if the
gross income is not taxable and also 15g and 15h form can
be filled for no deduction of tds

Is This Answer Correct ?    11 Yes 1 No

What is TDS,rate od TDS and who is liable for TDS?..

Answer / rajinder

tds is applicable rate for deducting tax on such incomes
covered under the rules of income tax e.g. on commission,
interest and salary etc. the liability to deduct the tds is
to whom who is giving income to others that is called
deductor.

Is This Answer Correct ?    2 Yes 2 No

Post New Answer

More Taxation Interview Questions

procedure to vat assessment?

1 Answers  


I want to know the Taxation entries manually like(TDS,VAT, Excise duty, Income tax, statutory payment entries)

1 Answers  


i working chemical manufactoring company ,i purchase of raw materials for finished good that year was no sales that input is applicable or not , that input carry forward to next financial year it is possible or not

2 Answers  


Explain the Calculation of Sales Tax?

0 Answers   Cognizant, Petron ltd,


at the time of deduction TDS any type including Service tax or not

1 Answers  






What is supporting documents enclosed & must be required to Submit of quarterly & Yearly Sale Tax Return (Haryana)

0 Answers  


which date Entry Tax has been started by Himachal Govt. and Please let us know the which act under Entry tax comes

0 Answers  


If we issue a new sale invoice after issuing a Credit Note to the coustomer, for the previously issued sale invoice on which Central Sales Tax @2% was Paid previously,whether we will be liable to pay for charging the sales tax on new invoice and pay to the sales tax department.

0 Answers  


how to creat tds receiveble j.v entry ?

1 Answers  


what is highseas purchase and sales? how is custom duty calculated? what are the criteria for a person dealing in shares comes under tax audit? whether all equity oriented fund are eligble for stt?

0 Answers  


Is t.d.s deducted on Freight including Service Tax ?

8 Answers   ABC,


whether TDS should be deducted first or discount

2 Answers  


Categories