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What is means by TDS ? How to calculate TDS ? TDS Form No. ?
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Answer / rakesh
"Tax deducted at source",is one of the most/way of
collecting income tax from the assesses in india.collection
of tax is effected,when at the source income arrises.
| Is This Answer Correct ? | 36 Yes | 4 No |
Answer / anil
"Tax Deducted at Source" is the tax amount deducted from
the amount payable/ paid to the income receiver, and he
will deposit the amount with the Govt. and the Income
receiver can claim this TDS at the time of filing of tax
returns.
TDS is calculated on the amount paid or payable to the
income receiver whichever is earlier @ specified rates.
| Is This Answer Correct ? | 21 Yes | 3 No |
Answer / sushil paswan
"Tax Deducted at Source" is the tax amount deducted from
the amount payable/ paid to the income receiver, and he
will deposit the amount with the Govt. and the Income
receiver can claim this TDS at the time of filing of tax
returns.
TDS is calculated on the amount paid or payable to the
income receiver whichever is earlier @ specified rates.
TDS From No. is 16B. when salary is less than 150000
tds form no. is 12ba if salary is more than 150000
IN other type of income tds form no is 16a.
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / bhavani bv
Hi,
Tax deducted at source means tax payable to government for
the service recieved from your vendor, you will deduct on
behalf of your vendor and make payment to government no his
companies name at the end of the year you will give your
vendor FORM 16A which will contain the acknoweldgement
reciept number with the detail of amount paid.
Then to calculate tds it depends up on the service recieved
if it is contractor 2%, Profeesional fee 10%, Rent 10%.
Salary as per slab ,First you have to catageorie under
which the expenses will fall then the tds rate is
applicable.
TDS form No to remit the company tds is ITNS 281 it has to
be remited every month before 7th.
I hope this will make you feel clear
| Is This Answer Correct ? | 10 Yes | 3 No |
Tax Deducted at Source. when the TDS applicable is At the of payment or credit the bill, which is earlier is eligible for TDS after threshold limit exceeds.This FY 2010-11 is different types of threshold limits are there.
1.before 30.06.2010
2.after 01.07.2010
| Is This Answer Correct ? | 5 Yes | 1 No |
tds means tax diduected at source. it is one of the way tax
for collecting.it is collected in three times in a year.
| Is This Answer Correct ? | 5 Yes | 4 No |
Answer / babu
Tax deduction at source. TDS generally calculate on while
making payments to other parties.
| Is This Answer Correct ? | 9 Yes | 9 No |
Dear sir i am a contractor and making a invoice for Rs. 1500000= in which 1200000 for material and 300000 for labour charges how should i make a invoice with material and what will for format of invoice, if i make separate invoice for material and separate for labour charges what service tax and sales tax chaeges will be. and what TDS will party deduct on my bill. pls answer as soon as possible.
WHAT SHOULD I DO IF TDS IS YET TO BE DEPOSITED BUT PERTAINS TO MAR,09 (LAST FY) THE THING IS THAT ACTULLY BILL WAS RAISED FOR THE M/O MARCH 09 IN MAY09. AS THE BILL PERTAINS TO LAST FY YEAR AND LAST DATE FOR TDS RETURN HAS GONE 15.06.09. WHAT ARE THE SOLUTIONS PLS HELP ME OUT
2 Answers Chartered Accountant,
please provide to us the rules of wct in andhra pradesh (Hyderabad)
what are organisations pay tds? when?
What is the limite of deducted of WCT & how we fill the return in Haryana
what is present rate for excise duty & service tax for f.y 2009/10?
What is WCT? On Which it is calculated?
What is DSCR and how to calculate the same.
Where does the entry of TDS payable, sale tax payable, service tax payable will appear in Balance sheet or profit or loss a/c?
12 Answers ABC, PPS, SGI,
please tell me friends what are the formats of excise return and vat return?
if i paid interest on tds for ex:- tds deducted on rent for the month of april, may, june rs. 20000 each for month and tds paid on 7th july then i have to pay interest @ 1.5% for rs. 1200 , 900 , 600 respectively , so i wanted to know what is the entry for rising of this interest in accounting software other than tally
if i have a comany take contract from gvt. & i take contract from that company, & in his bill he show about all tax deduction ike IT, WCT etc, but material is purchase by that company not by us so here i want to know how WCT applicable? on total amount of contract or according to rule like material service & after adding all things??
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