Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / shiva govander
Tax deducted at source (TDS), as the very name implies aims at collection of revenue at the very source of income. It is essentially an indirect method of collecting tax which combines the concepts of “pay as you earn” and “collect as it is being earned.” Its significance to the government lies in the fact that it prepones the collection of tax, ensures a regular source of revenue, provides for a greater reach and wider base for tax. At the same time, to the tax payer, it distributes the incidence of tax and provides for a simple and convenient mode of payment.
The concept of TDS requires that the person on whom responsibility has been cast, is to deduct tax at the appropriate rates, from payments of specific nature which are being made to a specified recipient. The deducted sum is required to be deposited to the credit of the Central Government. The recipient from whose income tax has been deducted at source, gets the credit of the amount deducted in his personal assessment on the basis of the certificate issued by the deductor.
Source: Income Tax Department
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
The present state of reession in it industry as a human resoures managers how are you going to under take human resoures planing at maecro leval to ove this crisis
Hi, I have 2 yrs of experience in Recruitment in the ITeS industry. I would be moving to US next year. I wanted to know the job opportunities available and how i need to equip myself for the same.
What is Procedure to remitt provident fund and Employees State Insurance ? When and where to remitt? mention in detail.
What control mechanisms might be most appropriate to ensure that action plans match targeted needs
i have done M.S. in organic chemistry and now i got admission in M.B.A. (human resource management) for usa college.my one sister is in london and another sister is in USA ,i am refused for visa becoz of them ,they said i won't come back after study.
Do you feel that you may be overqualified for this position
WHATE ARE THE QUETION ASKED IN INTERVIEW OF HUMAN ERESOURCE MANAGEMENT
which steps would you take in improving our supervisors' ability to hire the best possible candidates?
Some of my friend is willing to do MBA from a reputed institute. Currently she is working with a top recruitment consultant. Will th experience will be counted in HR field later
Why did you changed your career from Hotel Management to MBA in HR ?
As jobs become more team-oriented, assessment centers will be used more often for mon-management jobs.Do you agree or disagree?
how an organizational behaviour affects the success of an organization?
This Problem May Arise For Most Of The MBA'S That AFter Studing MBA Which Job SHOULD We Have To Apply HR POINT OF VIEW
what are the various off the job training methods?
what r the steps in operation management
