What is the TDS . and how can we identify this is TDS
Deductable or not.

Answer Posted / pardeshi pawar

TDS is a tax which is deducted on service provider by
service receiver means tax deducted at source.

It is identify depends on contract of service & service
value, transactions exceeding to Rs. 20000/- or in one
financial year if transaction are made upto Rs. 50000/- in
individual seperate entry or payment.

Is This Answer Correct ?    15 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How to adjustment of CST ? and also tell me about C-Form affairs ?

2272


What is Cenvat

3218


Our business is an international call center. we are selling antivirus which is buying rs 200 & selling Rs 4500.what will be the purchase & sales.& what will be taxation processor to calculate tax

1721


assessee is a developer. menthod of accounting- mercantile. he sold a flat to party , registration has been done in financial year 2012-13. but he has taken the sale next financial year on the ground that one cheque has been credited in the next financial year. can the assessee's claim can be considered for taxation purpose

1190


can we purchase software agaist Form under In the telecommunications network; or

1879






how to calculate tax for the income earners

1634


what is central excise tax

1641


A Service provided has provided bill amounting rs. 100000 dt. 30/04/2013 & i have paid amount with 30000 Rs. as on 24/5/2013, & 20000 paid on 7/6/2013 & rest of the amount has been paid as on 15/6/2013 then on which amount TDS has been deducted. may it deducted on Bill amount or payment amount? If bill amount then at which date TDS entry should be done ? & if on Payment date then which date. and if i want to compute interest for late payment of TDS then Which date should be consider for interest payment computation. Do the needful for the same.

1503


what is the procedure for Excisable goods transfer from Head office to branch and vice versa (the branch is located in the same state) also if the branch is located in other states. How will it affect the VAT returns

2983


procedure of service tax

1691


What is FBT? Is there any fixed rate of tax for all? or slab rate? pls give the detailed answer with examples. My e- mail ID: vijji_tv@yahoo.com

1632


which form is used for issuance of C Form ,F form etc. from Sale tax Authority (Haryana), when should be apply? what documents to be submitted?

1683


what is D-1, D-2, Vat-C4,

2121


Define deferred tax liability? What items come under deferred tax liability?

688


if cst sales and purchase is completed and we issue c form and received c form also.but in next month both sales and purchase are return. my question is how to pass reverse entry when c forms issue/receive. how it cst return also.

2514