ANY differenece between income tax and tds
Answers were Sorted based on User's Feedback
Answer / gulzar singh ( gulzar.thpl@gma
TDS is part of income Tax. TDS is advace payment of incone
Tax.
Is This Answer Correct ? | 11 Yes | 3 No |
Answer / r. d. sharma
service tax charges 10.30 % to 12.36 from 01.04.2012 onwards
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / ak.com57
incom tax means pay the amont
tds means amont detect source
Is This Answer Correct ? | 9 Yes | 6 No |
Answer / madhukar
income tax is the tax which is on our income imposed by govt
after the budget, income tax rates are different for men/
women/ huf sinior citizens etc.no procedure if we not
provide pan no. AND Tds means tax deduction at source it is
not a part of income tax because we can claim it.if party
does not provide pan no deductor can deduct direct 20% on
bill amt
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sandeep joshi
income is used for all person , company, & t.d.s is made for
salary income , repairing exp. and other as per slab.
Is This Answer Correct ? | 2 Yes | 1 No |
Answer / jaganath
income tax is a tax on your income whether company, individual and others. tds a deduction against payment like contractor,rent and other payments
Is This Answer Correct ? | 1 Yes | 0 No |
CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?
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