WHAT IS TDS?
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Answer / neetu
TDS stands for tax deducted at source. It is the tax that
an assessee has to pay at the time of earning an income..
It is different from tax paid at the time or filing return
since it is paid in the previous year itself...
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article161
I want to know about the law for bonus means if any 1 leave the job without notice then can he claim for his or her bonus ? please suggest the way how can get bonus if notice period is not given.
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I faced a case : One person "P" registered for a plot amounted to almost Rs 400000 to a real state company, XYZ. But XYZ is unable to provide the plot even after 2 years. So they are returning back the money along with the interest. Interst amount is almost Rs 66000. XYZ company is deducting the TDS from the interest. Are this company is doing right by deducting the TDS from the interest income? The profile of person Case 1 : P is a student and don't have any income. Case 2 : P is earning more than 10000 pm if interest income is included.
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