What is the difference between tds and withholding tax??(new)

Question Posted / farhan

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What is the difference between tds and withholding tax??(new)..

Answer / srinivas

the terminology is different but both are same. In India we call it as TDS & in other countries it is withholding tax

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What is the difference between tds and withholding tax??(new)..

Answer / pawan mutha

TDS is entitled to people of India. Where as WHT will be applicable to foreign transactions.

EG: when we are making payments to Indian vendors TDS will be applicable as per the service.
When we are making payments to foreign vendors WHT will be applicable.

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What is the difference between tds and withholding tax??(new)..

Answer / srinivas chode-avanti thai

Tds Is the amount which we deduct at the time of payment to
the contractors,professionals and to the employees where as
withholding tax is the amount to be kept in advance for
paying the tax to thwe government for a specified payments
only e.g on total wages by the employer

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5 Yes

41 No

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