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.

Answer / laxmi reddy

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

WCT Deduction rate on amc in jammu

1 Answers   Lipi,

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what is majore differance between TCS & TDS

4 Answers  

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serice tax can be exempted in calculation of tds on contract wages as exempted like rent on service tax

2 Answers  

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How anyone calculate HRA exemption from taxable salary for Exam. HRA is 12000 and rent paid is 11500 and total salary is 50000 thousand???????? plz. clear with example!!

3 Answers   TCS,

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Pls advise if a client pays us - Rs. 3,43,00 after deducting 2% TDS 7000 on 3,50,000/- and our Invoice is Rs. 3,30,000/- then how we pas entry of the difference amount Rs. 20,000/-

1 Answers  

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What are the Golden rules of accounts? with an example?

12 Answers   DC, OPI Global,

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If IOCL give turnkey project to any contractor who will be got benifited with respect to tax(Direct/Indierct) and how.

0 Answers   IOCL,

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What's the difference between Income Tax and P.Tax?

1 Answers  

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2 Answers   ABC,

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on earth moving road work which type of tax is applicable?

0 Answers   Afcons,

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What is the rate of TDS for the year 2008-09..

0 Answers   ABN AMRO, IBM,

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what is the deffnation of stt ? and how many rate of stt?

2 Answers   ABC, ICAI, Master Marts,

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