what is tds concept
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Answer / arun
T.D.S IS LIKE ADVANCE TAD EDPOSITED BY THE PARTY FROM WHOM
BAYMENT IS MADE
Is This Answer Correct ? | 20 Yes | 8 No |
Answer / gaurav
In a simple language TDS stands for tax deducted at source.
It is a tax that is deducted from the earning of the
employee by the employer in other words it is a tax that is
deducted at source. It is deducted as per the finance act of
that year. TDS should not be confused with the income tax
return; TDS is a different tax than income tax . Tax
deduction is useful to reduce the income taxand provide tax
relief. TDS is deposited in the government treasury and
later on assigned to central government. TDS came into
existence because government wants to expand their tax
bracket in the country.
Is This Answer Correct ? | 6 Yes | 3 No |
HOW TO CALCULATE MY EPF INTEREST? IF I HAVE JOINED TO A COMPANY ON 1ST FEB'08'& RESIGNED ON 31ST DEC'09', THEN WHAT WOULD BE MY EPF INTEREST? MY BASIC IS RS.7500/-PER MONTH? STATE BRIEFLY
4 Answers Khalsa Tubes, Reliance,
company want to me deduct tds, i have pan if i need tan number.if yes kindly explain why?
WHAT IS SERVICE TAX.
If We received Purchase bill for Rs. 67320 2% CST ( Ta Rs. 1320 on Assessable value of Rs. 66000/- ) against Form C but while making payment we had paid as per 12.50 % Tax amount i.e. 8250 . Total paid Rs. 74250/- then is it necessary to give Form C to the party?
WE ARE THE DEALER WE PURCHASE MATERIAL WITH VAT & USE THE SAME FOR LABOUR CHARGES + FINISHED GOODS BUSINESS & BUSINESS SHARE OF THE SAME IS 85:15, CLEAR ME CAN I TAKE FULL ADVANTAGE OF VAT CREDIT AGAINST MY VAT LIABILITY
scrap material value 5000/- vat rate is 5%+tcs. now my question is 1.how much value of tcs & vat. 2.after taxable value add vat or add tcs (before vat or tcs) & how much value of vat & tcs. Plz reply me
i ask to i am deposit tds for cash yes / no please tell me
what is the difference between real expense and operating expense?
CAN WE GET 100% CREDIT OF SERVICE TAX INPUT AMOUNT WHILE PAYING SERVICE TAX. LIKE SERVICE TAX PAYABLE IS RS. 100 AND SERVICE TAX INPUT IS RS. 30 FOR THE BILL OF TELEPHONE, TRAVELLING BILL REPAIR AND MAINT OF CARS ETC. PLS HELP ME OUT ASAP
3 Answers Chartered Accountant,
We are Work Contractor. Presently we are under going a infrastructure Project of common wealth Games in Delhi. I want to know that how much wct will be chargeable on this project work???? we are generally using material like, aggregate, coarse sand, bricks, rmc, cement and our labour.
Ir we have bill for CST 2% we made entry 12.5% by mistake then what is solutin for C-form
what typae of accounts?