Answer Posted / swatinerkar

TDS is a direct tax & VAT is a indirect tax.
DS is any amount paid by way of
salary,fees,commission,Rent,interest,etc is taxed at the
time of payment by the sourceThis is referred as tax
deducted at source.
VAT is the tax levied to the material in the process of
making the final good or product.Sine tax is levied only on
the value added to the product and not on the whole
material. It is referred to as Value Added tax.
TDS is a direct tax,whereas VAT is an indirect tax.
Some goods are exempted to VAT but there is no exemption to
TDS

i have recently joined a bank as probationary officer.i ant to know hich of the two options bellow will be benefitial:- 1.receiving HRA or 2.receiving lease rent from the bank.

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How many types of vat categoryplease tell me all type of vat categories..............

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1. Defination of Contractor & sub contractor 2. In cash method of accounting can we claim TDS deducted on Advance Recevied from contractee.

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Our company is engaged in a business of Real state developer in andhra pradesh. we want to purchase some material from other states. we have central sales tax registration. whether we are eligible for issuing a form 'c' to the supplier being a deeloper.

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Can we get excise and VAT credit form staff welfare goods like shoes, uniform, goggles etc.?

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IF ANY PROPRITER SAID THAT DON'T DEDUCT TDS OF HIM BECAUSE IT IS NOT PARTNERSHIP FIRM THEN WHAT SHOULD COMPANY DOES?

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Hi, I am working in MNC, I Want to Know about TDS. What is Deposit date of TDS for all categaries & Which challan or Form What is date of Submit tds return quarterly for in a Company & Which form fill up

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I am an employee in a IT Company. While filling out the form it prompts to fill - Details of Tax deducted at source from Salary (as per form16) and then it again prompts to fill - Details of Advance tax and Self Assessment Tax. if i fill both the columns, i get end result as 2 times of Tax i paid and a refund.

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Excise duty applicable for Handmade Production?

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what is deemed sales? how to calculated

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Please advise where to enter Income tax paid to Govt. in tally and on which head account to be created///

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What is the Rate of Service tax for Short term accommodation services & Restaurant Services ?

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Sir Kindly tell me Where is the best institute fir SAP(FICO-CIN and New GL module specially) in Hyderabad ASAP. Regards Om 9910699167

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WHETHER VAT IS APPLICABLE IN FIRMER TRACTORS ? WHETHER VAT IS APPLICABLE IN NORMAL TRACTORS ? PLEASE NOTE THAT I HAVE PURCHASED IT BY PAYING VAT.

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what is central excise tax

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