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What is TDS? Please explain rate of TDS.

Answers were Sorted based on User's Feedback



What is TDS? Please explain rate of TDS...

Answer / gautam sharma

TDS MEANS TAX DEDUCTED AT SOURCES. THAT MEANS TAX SHOULD BE
DEDUCTED ON THE INCOME OF THE ASSEASSEE AT THE TIME OF
PAYMENT OR AT THE TIME OF CREDIT WHICH EVER IS EARLIER.TDS
RATES ARE CHANGES YEAR TO YEAR.THESE ARE NOT CONSTANT BUT
IN PAST YEAR(2012-2013)10% RATE IS APPLICABLE ON MAJOR
APPLICABLE TRANSACTIONS BUT IN CURRENT YEAR IT IS 12% ON
MAJOR TRANSACTIONS.

Is This Answer Correct ?    2 Yes 0 No

What is TDS? Please explain rate of TDS...

Answer / laxmi reddy

Tds means tax deduction at source witch is deducting while payment made against the creditors

Is This Answer Correct ?    1 Yes 0 No

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More Taxation Interview Questions

PLEASE ANY BODY TELL WHT IS PRESENT RATES OF TDS AND HOW MANY TAXES ARE THERE PLEASE SEND ME THE ANSWER TO MY EMAIL ADRESS I WAITING FOR UR ANSERS

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