Answer / immanuel

TDS stands for Tax Deducted at Source..
TDS is the source of the tax what employee is paying to
employer..
for eg., deducted from salary..
Rent-commisssion..
Contractors, Proffessionals.. are the main head

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If in a project You are a project leader and the project is done just 1/5th.All members of your team has left u for different reason and you hav only 24 hrs to complete it,and if you work for 24 hrs. wht you will do?

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We (a Private Organisation)have purchased furniture worth Rs.1.4 lacs from a firm Whhile making payment should we deduct TDS@2% ?

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