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What is TDS and why we deduct it?


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More Taxation Interview Questions

What is the procedure of geting vat refund for construction division where output is nill?

2 Answers  


We are a UK company selling electronic s/w licenses to customer in India. We have a PAN Number. Why is TDS being deducted on a product? Why is TDS calculated on the invoice value - surely it is supposed to be on Income and not Turnover? What is the correct TDS % deduction?

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1. Is TDS asset or Liability ?. 2. Is TCS Asset or Liability ?. 3. Which is Debit side and Which is Credit Side in Balance Sheet ?.

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what is the process of filing the return (both)

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How to reconcile a Vendor who is a supplier as well as a Contractor?

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I need c-form. But our business is auto-cad training center. I want purchase some computer. So, how to received c-form.

1 Answers   PointX CAD,


what do you mean by tds

6 Answers   Oyster Learning,


what is the difference between excise duty and sales tax

10 Answers  


IF XXX GOT AN ORDER FROM APTRANSCO AS WORKS CONTRACT NOW XXX PLACED AN ORDER TO YYY THAT TO SUPPLY 50% OF THE MATERIAL IN ORDER. NOW WHAT IS THE SALES TAX RATE HAVE TO CHARGE BY YYY TO XXX. NOW MY DOUGHT IS YYY IS NOT SUPPLING THE GOODS TO APTRANSCO, HE CANT CHARGE 4%, IF POSSIBLE PLEASE TELL ME THT HOW CAN HE .

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Pl give the abstract details of Karnataka VAT Payment procedure, rebating, returns filing in connection of manufacture, distributer & retailer.

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procedure to get Raw Material free of excise duty under Central Excise Act,

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What are the streamlined sales and use tax agreement?

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