what is actual meaning of Tax Deduction at source
Answer Posted / k. srinivasa rao
TDS is to be deducted and to be paid to the central
government on behalf of who receives any amount i.e
consultancy, contract income, rent or any under the head
prescribed by the government.
TDS is applicable if the payment is exceeds (one time
payment) Rs. 20,000/- or Rs. 50,000/- p.a during the year.
tds to be deducted as prescribed rates.
Is This Answer Correct ? | 84 Yes | 10 No |
Post New Answer View All Answers
what is forecast
Queries for Big4 Articleship : Whether son of CA in practice effects chances.
how to prepare the balance sheet of private ltd. company & what roll should be play by Income tax, compnay law & accounting standard in India & world.
Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj
purchase car from toyota innova 50000 cheque from one firm and 449893 from other firm.... and 1350000 loan saction from kotak mahindra.....how can entry make with interest
Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.
EXPAND___________NBW
How do you plan to achieve these goals
total capital stock
As a fresher in oracle finance can a get a job in oracle finance n what type of questions can they ask me as a fresher...oracle finance...
We can add the no. of increase in shares due to exercise of the options.Why diluted eps is calculated separatey?
after payment of interest of a loan account by using credit note voucher in tally 9........don't anyone thinks that we have to adjust the cash account by passing cr entry on journal for interest payment...
what is the system of accounting and banking in cooperative bank?
why do we charge the depreciation
If i have a company in India doing purchase from Shrilanka, If i buy in Shrilankan local currency and make the payments in Indian Currency At the end of year how shall i settle the difference Exchange money in Books of Accounts.