Interested to Buy Any Domain ? << Click Here >> for more details...
What is TDS
- 143 Answers
- 325825 Views
- Accenture, Accurate Meters, Capital IQ, ICA, ICICI, IIJT, Leo Technologies, Lupin, Microsoft, NCR, Skypak, Somaiya, SS Automation, TCS, Unitherm Engineers, VFC Industries, Way2Wealth, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / lakshmanan. k
TDS= Tax Deducted at Source...
It has paid by a person or company.. u/s
192,193,194,194a,194b,194bb,194c(1),194c
(2),194d,194ee,194f,194g,194h,194i,194j & 194la.
Salary above Rs.13,333. p.m assessement year 1/4/09 -
31/3/10. under salary tds rate.
| Is This Answer Correct ? | 1 Yes | 0 No |
TDS is Tax Deduction at Source
Assessee pays tax in the assessment year on the income
earned in previous year . Due to this rule the tax
collection is delayed till the completion of the previous
year . Even some times people conceal their income and the
tax is mot paid at all . In order to overcome these
problems, government started deducting some amount of tax
from the amount . Whichis receivable by the assessee .The
amount of tax so deduvted is called as "Tax Deducted at
Source".
It is one of the methoding of Collecting Tax.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / dillip chand
TDS means Tax Deducted at Sourse the amount of money
deduting from income of employee the time of paymentby
employer.for salay= total tax/total income X 100.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / pradeep
TDS is tax deduct at source there are two parts in this
case 1. deducter who deduct TDS and 2. deductee whose tds
deduct when 1 party make any work payment for 2 party that
time deduct tds of 2nd party and pay balance amount to 2nd
party and duducter release a TDS certificate for 2nd of
total tds deduction which help in Income tax return
Note.:- PAN is compolsury for TDS both parties
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / parth
tds stands for tax deducted at sorce... 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...
TDS stands for Tax deducted at source. Any income payable
to the assessee shall be liable for deduction of tax at
source by the person responsible for making payment. TDS is
deducted at prescribed rate as per the Finance Act of that
year.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / chetan prakash cwa (cat)
tds stands for tax deducted at sorce... 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...
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / lalit bhardwaj
A type of decree imposed by govt., we are bound to pay the tax
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / savad kavay
TDS Referrs Tax Deducted at Source. Which Applicable for
those whose Annual Income Exceeds 180000
| Is This Answer Correct ? | 1 Yes | 0 No |
Give some reasons for disagreement of the balances between cash and pass book.
what is quick asset
what is vat and sales tex?
What is intangiable asset?Which contents are to be verified during cheking the Transporters' bills?
you have been asked to prepare a bill for services .what information should be included in the bill?
Expand---------RSTB
1.In SAP T-code MIR 44 is used for what purpose? 2. What are the entires for Depreciation? 3.Trade discount comes under; a.trading account b.P/L account c. balance sheet 4. T- code F-44 is used to reverse po entry?
fright receive ledger which group under we will open in tally
what is goods in transit and how to pass an entry
What si the differance between REVENUE and PROFIT?
what are the important steps to take during the conversion of an accounting system.
how can i make transaction related to inflation account in sap ?
Audit 
