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what is tds

Answers were Sorted based on User's Feedback



what is tds..

Answer / rakesh vemula

Tax deducted at source.

Is This Answer Correct ?    4 Yes 1 No

what is tds..

Answer / guest

tDs Stand for Tax Deduction At sorce . tds is done at the
time of salary ..its a function that is done by company or
firm or owners a/c department. it depend upon us that we
need tds facility to avail or not . if tds deducted at
soucre then liability will be arise by that
compant/firm/owner in respect to govt. . if they'll nt pay
that tax to govt. then they be gulity & punished by govt as
panelity.

Is This Answer Correct ?    4 Yes 2 No

what is tds..

Answer / mahesh ghonge

TDS means Tax Deducted at Source. It means tax on income
deducted there only from where it arises.There r many types
of TDS like TDS on Salary, TDS on Contractors, TDS on
Professional, TDS on Rent etc.
E.g.If X co. is paying Rs.50,000/- to "Y" who is contractor
that time company relase his payment after deducting
respective Tax & same will deposit in Govt.account within 7
days from the month in which Tax has deducted.

Is This Answer Correct ?    0 Yes 0 No

what is tds..

Answer / om prakash

tds means tax deducted at sourec . when income was arise
then deduct the tax called tds

Is This Answer Correct ?    0 Yes 0 No

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