Interested to Buy Any Domain ? << Click Here >> for more details...
whom can deduct the TDS?
- 6 Answers
- 15866 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / damarla
The company/firm which is paying the bill to the supplier
of service/goods has to deduct the TDS according to the
rate applicable and the same shall be remitted to the
supplier tax account number.
| Is This Answer Correct ? | 29 Yes | 8 No |
Answer / s.shanthi
Company/Firm who are paying to the contractors/service
personals/sales comission.
| Is This Answer Correct ? | 18 Yes | 4 No |
Answer / bindeshwari chauhan
TDS are not required to be deducted by proprietary concern
and partnership firm as in Indian law it is assumed that
they are not required to know this law. but if they are
under audit they have to deduct Tds ........ Refer sec.190
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / shiva
the tds will deduct by company / firm]
the service who gained, they deduct the service from whom
we got service.
| Is This Answer Correct ? | 6 Yes | 3 No |
Answer / ravi
The company/firm/individual who is paying the amount to the
suppliers/servce persons those to deduct the TDS according
to the rate applicable and the same shall be remitted to
the supplier/service person tax account number
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / yogender singh
any one can deduct tds it may be company firm or individual.
if any of the above is using any services or paying any kind
of interest, commission or rent, then he/she/it is liable to
deduct tds as per the current rate, it also depand on the
liabilitie of the tds deduction
| Is This Answer Correct ? | 9 Yes | 7 No |
Define and distinguish between flexible and floating exchange rate system. What kind of exchange rate system does china have?
4. Operating Assets: $ 100,000 Operating Income: $ 18,000 What would be the rate of Return on Investment (ROI)?
machinery purchase of 10000 plus transportation 800 what will be the journal entry
2 Answers Air Smart HVAC Solutions, SS Solutions,
The main objective of preparing a 'journal' is
examole of cash to cash contra entry
expenses incurred in the formation of the company are show in : 1)debit side in the profit and loss a/c 2)as an assets in balance sheet 3) as an liabiliies in balance sheet 4) credit side in profit and loss a/c
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
what is current ratio formula
What do you find most satisfying about this job?
what is inter-company transaction? what is Inter-Branch transaction?
WHAT IS THE MEANING OF R.T.G.S USING IN A BANK.
What is service tax & excise?
Audit 
