What is the Difference Between Income Tax and TDS ?
Answer Posted / debasish podder
Income Tax follows 1961 Income Tax Act, TDS i.e., tax
deducted at source is a main tool of income tax. It
consists varieties section which's been written in IT Act.
| Is This Answer Correct ? | 7 Yes | 1 No |
Post New Answer View All Answers
Do you know what is icai?
Why some asset accounts have a credit balance?
For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?
Tell us in accounting, how do you define premises?
What do you debit and credit if discount allowed is underrated?
IN VAT INVOICES DISCOUNT ALLOWED OR NOT
What is the TDS rate in Maharastra, Tamil Nadu, Karnakata,Odisha & West Bengal. What is about Profession Tax.
What is Statory Books ?
How can I put Bank Guarantee Receipt entry in Tally ERP9?
what are the basic elements to prepare a quarterly information system and how to calculate that items?
The 'going concern concept' is the underlying basis for: 1.stating fixed assets at their historical cost 2.disclosing the market value of securities 3.disclosing the sales and other operating information in the income statement 4.none of the above
what is mean by sample account and data transfer rule in SAP FI?
What is the general entry for charge on bank overdraft
what will be the entry for inventory
Tell us what inspired you to move to the next opportunity?