Answer Posted / chalam
Tax deducted at source . Such collection of tax is effected
at the source when income arises or accrues. Hence where
any specified type of income arises or accrues to any one,
the Income-tax Act enjoins on the payer of such income to
deduct a stipulated percentage of such income by way of
Income-tax and pay only the balance amount to the recipient
of such income.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
What Question ask in MARKIT Company?
how to do finalisation account ,pls tell me step by step ?
What is the defination of job costing, batch costing and contract costing?
Expand DPCO
Expand-------URM
What Is Depreciation, and from which date do we charge Depreciation for an asset ?
Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry
hey! i have an interview for PO in union bank on 11th feb. can anyone please tell me what major topics should i prepare for? of course npa is there. also cibil and basel basics. is there anything else i should prepare?
My BASIC Salary is 18,000
define fixed assets
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.
Expand-----RTD
Which entry we pass self entry like cash withdraw for ourself
What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...
If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?