Interested to Buy Any Domain ? << Click Here >> for more details...
what is the diffrence between tds and vat?
- 16 Answers
- 54901 Views
- Accenture, GMR, Tata Lockheed Martin Aerostructures, I also Faced
- E-Mail Answers
Answer Posted / dinesh
Full form of TDS is tax deduction source it is the tax which
is deducted for the parties by company and it is a expense
for company.
Full form of TCS is tax collection source it is the tax
which have to be collected by company from other's and it is
a income for the company.
If VAT is charged means physical material is supplied so there is no TDS to be deducted. but if any amount is charged for works contract that is charges for any work done than TDS to be deduct on that amount
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What are allowable and dis-allowable expenditure?
can i adusted our vat credit in W.C.T. payable?
Rules for filling Income Tax return for a MNC?
what should be the research and methodology of business taxation?
What is the general format for a consolidated file extension? It is showing invalid file format? So how to solve the error? How to correct the file format? Help me how to know the general consolidated file format like is it tan no_finan.Yr-quarter-type.Tds is this format correct one? Last time i have found the extension as .Csi is it correct?
#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
Dear sir, mu question is that can one lunch (Tiffin) provider person mention both vat or service tax on his bill. pls. give me answer. EXPLAIN BRIEFLY.
How tax deduction at source is deducted
Please mail me the TDS rates for the year 07-08? aamirdeba@in.com
what is the detail procedure to filling ITR-I,ITR-II AND ITR- 1V V1 IE e-filling procedure
calculation of Tds on subcontractor
If we got a printing jon we are adverstising firm for that we purchase paper from local dealer which contain vat 4% now when i bill to the person from whom i got a priniting job what should i consider this as service or sale and what tax i charge, i don't have vat no. but i have service tax no.?
Can we take rebate on Exports done before 6 years ? If no, why ? What can be done ?
how to calculated all taxes their information in details
If the the material sent for job work in outside state for job work ,what should be service tax chargeable or not if material receipt after job work done to job worker kindly suggestion
