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What is the full form of TDS & TCS
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Answer / h.r. sreepada bhagi
TDS - Tax Deducted at Source
TCS - Tax Collected at Source
| Is This Answer Correct ? | 491 Yes | 45 No |
Answer / bharath kumar
TDS-tax deducted at source
TCS- tax collected at source
| Is This Answer Correct ? | 191 Yes | 31 No |
Answer / mona
TDS-TAX DEDUCTED AT SOURCES
TCS- TAX CALACT AT SOURCE
| Is This Answer Correct ? | 179 Yes | 95 No |
Answer / gaurav kanojia
TDS - Tax Deducted at Source
TCS - Tax Collected at Source
| Is This Answer Correct ? | 80 Yes | 10 No |
Answer / naveen
TDS - Tax Deducted at Source
TCS - Tax Collected at Source
| Is This Answer Correct ? | 70 Yes | 8 No |
Answer / syed khursheed ahmad
TDS - Tax Deducted at Source
TCS - Tax Collected at Source
| Is This Answer Correct ? | 32 Yes | 3 No |
Answer / sudhakar chaudhary
TDS - Tax Deducted at Source
TCS - Tax collected at Source
| Is This Answer Correct ? | 32 Yes | 6 No |
Answer / priyansh
TDS=TAX DEDUCTION SOURCE
TCS=TAX COLLECTION SOURCE
| Is This Answer Correct ? | 59 Yes | 37 No |
Answer / ramesh kumar
TDS- Tax Deduction on Sources
TCS- Tax Collection on Sources
| Is This Answer Correct ? | 38 Yes | 21 No |
Dear Experts, I need your help in deriving a formula for calculating three taxes with a combination of cumulative and inclusive tax. Here are the examples with expected result. Please let me know the formula on how to get the given result. Example1: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and there is no cumulative of Tax1, Tax2 Expected Results are: Tax1=76.34 Tax2=83.97 Tax3=76.34 Let me know formula to derive above values? Example2: Total Product Value (V) = 1000 (with inclusive of all 3 taxes and below mentioned cumulative combinations) Tax1 rate is 10% and Tax1 is inclusive. Tax2 rate is 10% with Tax2 is inclusive and cumulative of Tax1 Tax3 rate is 10% with Tax3 is inclusive and cumulative of Tax2 Expected Results are: Tax1=75.70 Tax2=83.27 Tax3=84.03 Please let me know formula to derive above values? Thanks in advance.
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I run a small consultancy firm (partnership with my mother) from my residence address. My firm is not registered, but I do have a separate PAN for it. I do not have any salaried employees. I get work done by freelancers and vendors and pay them against invoice. My annual revenues are just about Rs 5-6 lakhs. I am aware that I would need to register for service tax once I touch Rs 9 lakhs. But I am confused about my obligation to get a TAN and deduct TDS for all vendor/freelancer payments. Are there any minimum thresholds for withholding TDS? Right now I pay 100% of invoice amounts. Please advise.
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