what is the differnce between income tax and tax deducted at
source?
- 2 Answers
- 3487 Views
- I also Faced
- E-Mail Answers
Answer Posted / tapan kumar roy
INCOME TAX WHICH WILL PAY AGAINST YOUR INCOME i,e INCOME---TAX.INCOME TAX DEPOSITED AGAINST YOUR PAN NO.
TDS TAX DEDUCTED AT SOURCE WHICH IS ANYONE EARNED FROM YOU AND YOU WILL DEDUCTED A PERCENTAGE FROM HIS INCOME AND THE AMOUNT WILL DEPOSITED AGAINST HIS PAN NO.
| Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
If we taken TIN No.for sale in intra & interstate , CST No.also required to take? ?
what are the benifits available to become and EOU in all taxes, such as Income Tax, Sales Tax, Excise, Custom
professional tax rate
what is the circle of tds and its rate chart
how to caluclate the mumbai tax with example? what is mean by credit and debit ?
we charge service tax in our Invoice.we pay it in time. At the end of the year other party gives his deduction as certificate. what to do with it ? how to submit again to tax authorities?
what is the entry tax explain briefly?
how we creat e-vat return in tally for punjab
THERE IS EXCESS TDS REMITTED UNDER SECTION 194 H IN EACH MONTH STARTING FROM APRIL 2011 TO DECEMBER 2011.THIS IS DISCOVERED IN JANUARY 2012. THE QUARTERLY RETURN IS YET TO BE FILED. HOW TO TAKE EXCESS CREDIT IN FILING QUARTERLY RETURNS ? WHETHER EXCESS TDS CAN BE ADJUSTED AGAINST REMITTANCE OF TDS FOR JANUARY 2012 (UNDER 194 H ONLY)AND THE BALANCE ONLY CAN BE REMITTED? IF SO, HOW TO GIVE THE CHALLAN REFERENCES IN THE RETURN?
If we use google licence in our office for one year.Google raised invoice annualy. so that on which section tds will be deducted.
is there any necessity to file TDS to purchase a thing even ater paying vat
What is VAT TDS? when it is applied & at what rate?
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!
how to file returne?
How to determine TDS on Salary ? what are Limit for HRA ,insurance premium , Loan installment, children education fee etc. what type of Deductions for salary. please Explain Full and complete this concept with one example which cover all aspects regarding TDS on Salary.
