Answer / jyotika

TDS means Tax Deduction at Sources , which is one of the
various modes of recovery of tax besides advance Tax and
Tax on regular Assessment .The provision with respect to
TDS are as per Income Tax Act, 1961, as amended Time to
time

Answer / prakash chandra das

Tds means Tax Deduction at source its part of income this
advence to pay to tax department.

Answer / chandhini

TDS means Tax Deducted at Source>>>>>>>>>

Answer / sugumar

TDS is tax deducted at source. Tax at the applicable rate
is to be deducted form the salary by the employer at the
time of paying/crediting the salary. The employer will give
a Tax Deduction certificate at the end of the financial
year and the employee can claim this deduction through his
income tax return for the year.Also, in case of contract or
service provided by anyone to another, above a certain
amount, tax is to be deducted at the applicable rate which
are different for different types of payment. The payer of
the bill will give a tax deduction certificate in the
prescribed form to the latter to claim in his tax return.
The person who deducts tax has to deposit the tax with the
govt. treasury or authorised banks. A quarterly return has
to be filed with the appropriate authorities, of the tax
deducted. Penalty for not filing the return is Rs. 100/-
per day of delay.See income Tax Act and rules

Answer / aniket

TDS means Tax deduction at source. It actully deducted from labour charges, professional fees and etc in the purchase invoice after certain amount limit define by the income tax office.
It silently means that the deductor have to deduct the TDS amount from the Deductee fees, and submit to the income tax office..and send the form 16A to the Deductee.

Answer / neeta

Tds means tax deducted source its part of income ,this is paid to tax department it will be charge on basic income like profisional fees, interest on security our any other income etc.

Answer / shivanand

TDS,Tax deducted at source it is also an indirect tax ,and
which is deducted on specific reasons like rent and
payment to contactor

Answer / vijayabhaskar

tds depends on nature of activity and deduction percentage is between 1%to5%

Answer / karibasavesh

TDS MEANS TAX DEDUCTION AT SOURCE . IT IS DEDUCTED WHEN
PAYMENT IS MADE OR ENTRY FOR LIABLITY IS LIKE ON SALARY
COMMISSION RENT PAYMENT . LIKE THIS

Answer / janak raj upreti (best roadway

Tds means Tax Deduction source its part of income this
advence to pay to tax department in behafl of intrest on
security, profession fees, contrectors/sub contractor,
winning from lottry etc.

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