TDS is for claming purpose or for filing purpose.
Answers were Sorted based on User's Feedback
Answer / rajiv sabharwal
TDS means Tax Deducted At Source. According to the
guidelines issued by the authorities TDS must be deducted
before making any payment. The amount and percentage is
different.
TDS is for both filing purpose and for claiming purpose. You
have to file if you are collecting TDS and you can claim it
at the time of filing your return if it was charged in
excess what it would be.
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / krksarma
tds is for claming purpose because your not filling the
return income tax return is different and tds certificate
is diffrent the tax deducted your claimed the income tax
department.along with the return
| Is This Answer Correct ? | 5 Yes | 3 No |
Answer / k.r.k.sarma
Tax deducted at source is the rule for income tax act 1961
who are having the limits out of the income. according the
govt rules the tax will be deducted and the govt know how
much money will be transferring between the persons the govt
will know the paying the tax. it is avoid any block money in
the society.
| Is This Answer Correct ? | 6 Yes | 5 No |
Answer / rakesh panchal
TDS IS FOR FILING PURPOSE AND NOT FOR CLAIMING PURPOSE
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / y k srinivas
The Abbreviation for TDS is Tax deducted at source
TDS arises only when we were utlising the services of
others. for eg: Security services,Professional Services
The rate of TDS will be different according to the nature
of the service. I can say TDS will be deducted for
Security Service on a parameter of Registered Company/Non
Registered Company. Generally for Registered Company 2 %
will be deducted and 1% will be deducted for Non Registered
Companies.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / yashu kaushik
TDS stands for Tax Deducted at Sources.
According to the guidelines TDS must be deducted before
making any payment. The amount and percentage is different.
TDS is for both filing and for claiming purpose as well. You
will have to file if you are collecting TDS and you can
claim it at the time of filing your return.
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / thimmappa_m
TDS means Tax Deducted At Source
tds is for claming purpose because your not filling the
return income tax return is different and tds certificate
is diffrent the tax deducted your claimed the income tax
department.along with the return
| Is This Answer Correct ? | 0 Yes | 4 No |
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