What is TDS ?
Answers were Sorted based on User's Feedback
Answer / jayadevvarma
TDS is Tax Deduction at Source
Assessee pays tax in the assessment year on the income
earned in previous year . Due to this rule the tax
collection is delayed till the completion of the previous
year . Even some times people conceal their income and the
tax is mot paid at all . In order to overcome these
problems, government started deducting some amount of tax
from the amount . Whichis receivable by the assessee .The
amount of tax so deduvted is called as "Tax Deducted at
Source".
It is one of the methoding of Collecting Tax.
Is This Answer Correct ? | 13 Yes | 1 No |
Answer / rabindra mallick
TDS means "Tax deducted at Source"
It is part of income tax deducted by deductor on behalf of an assessee at a periodical basis & deposit the same on Govt account at timely basis.
It reduces the ultimate tax burden of an assessee.
Is This Answer Correct ? | 2 Yes | 0 No |
WHAT IS THE TDS RATE FOR ASSESSMENT YEAR 2010-11 FOR DIFFERENT CATAGORIES??????????????
Can I deduct TDS on Advance payment towards advertisment expenses.
if am registered dealer & i am using road permit, i have to pay entry tax, which goods, I am receving in jammu
AT WHAT LIMIT PAYMENT CAN BE MADE AT A TIME TO PROFESSIONAL AND CONTRACTOR , WITHOUT DEDUCTION OF T.D.S. D.K.SONI
What is Form H .Why we required form H. How it can benefit us?
which is the payment date & return fileing dates of PF, PT,ESI,TDS,Service TAx and IT in Karnataka
x invesment in mutual fund 45000, and recd dividend of mutual fund 5000 with in year, also investment only for one year. i f final the balance sheet then how closed it?
Hi, Is there limit of applicablity of excise payment for any orgnization...?? what is date of excise payment..?? Excise return date & what procedure & how to take benifit availing service tax in excise return..? What form reuire for Excise Return..??
meaning of accessory for central excise purpose
What is the difference between TDS and TCS?
24 Answers Godrej, SSK, TCS,
Please some one tell me what is the VAT or WCT rate for works contract at Tripura
plz tell me calculation of service tax and tds. point by point