What is the difference between Advance Tax and TDS?

Answer Posted / ayyanar

Advance tax contains " Tax paying in advance against company
income / Profit "

TDS Contains " TDS Paying after deduction from individual
income / sources "

Is This Answer Correct ?    1 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Dear Friends, Hai, i want to Know that How To Fill ETDS Return. Kindly Tell I'wll we very thankful to you. Deepak Gupa

1442


If we want to do online PT registration it starts from 2007-08. But our firm started 2005-06. What is the procedure? Manually we have to submit the documents. Can any one let me know.

1513


In India for various goods supplied Excise duties applied by suppliers on goods? How to check this.. Is there any website in

1430


What is form c & d in sales tax?

711


Which income is considered as accrued income?

647






how to caluclate the mumbai tax with example? what is mean by credit and debit ?

1448


SELLER A : has a w/house in chennai and bangalore both and the BUYER B is based in chennai. SELLER A carries stock in both the locations. Can BUYER B buy who is based in Chennai request purchase from Bangalore through C-form .. and if so will there be any obligation on the Seller A

1183


Beginning Balance, Dec. 31, 20xx Creditable Income Tax 211,829.00 Income Tax Payable (132,808.00) > Balance 79,021.00 ITR (1st Quarter) - Jan. 31, 2016 - Mar. 31, 20xx Normal Tax (30% of Taxable Income) 2,205.02 MCIT (2% of Gross Income) 7,865.71 Aggregate Income Tax Due (Normal Tax vs. MCIT whichever is hihger) 7,865.71 Less: Tax Credits/Payments Prior Years Excess Credits 79,021.00 Creditable Tax Withheld - 79,021.00 Tax Payable, per return (71,155.29) What should be the entry in my book to record the above transactions? Thank you!

1219


how to adjustent the accounts part of the company and how to calculate vat and gst .kindly answer me sir. my e-mail id is:- dipak92.dip@gmail.com

979


WHAT IS EXCISE DUTY RATE IN HARYANA for RMC

2425


is there any necessity to file TDS to purchase a thing even ater paying vat

1578


What qualification require for become a tax consultant ? what the future in this..???

2279


IS THERE IS ANY EXUMTION FOR THE NEW CONCER TO NOT THE DEDUCT TDS IN THE 1st YEAR OF ITS INCORPORATION IF THE TURNVOER EXEED THE SPECIFIED LIMIT IN THE 1st YEAR.

1928


#IS IT NECESSARY TO COLLECT T.C.S ON EVERY POINT OF SALE# THAT IS IF MANUFACTURER SOLD ANY OTHER FOREST PRODUCE NOT BEING TENDU LEAVES (T.C.S @ 2.5%)TO TRADER,IS IT NECESSARY FOR TRADER TO DEDUCT T.C.S.MANUFACTURER ALREADY CHARGED T.C.S TO TRADER & ISSUED TO TRADER 27-D FORM.WAITING FOR CLEAR CUT REPLY

1549


What are the Treatment & Implications in interstate sales transactions if party is unregistered dealer & having Exemption Certificate or exempted.

1640