Answer Posted / dm
TDS is Tax deduction at source.
There are some provisions in the income tax laws about the
pre deduction of tax out of the payments made to
contractors, Consultants, Lawyers, Employees, Lenders,
Owners of property etc.
After deduction from payment, deductor has to pay it to the
govt. treasury on due time provided in the legislation.
| Is This Answer Correct ? | 126 Yes | 13 No |
Post New Answer View All Answers
if salary paid per month Rs 80000/ I will deduct TDS from his salary, please what I do explain.(send Urgently)
The company i approached asked me that they are registered Manufacturer to market fire extinguishers. They have both VAT & CST registration. When they supply material out of state i.e. under "C" form, to a Dealer who is also registered with CST and who can issue "C" form but for product paint. Will the "C" form issued by the Dealer be acceptable to us. What law governs, since the dealer is not registered to trade in Fire Extinguishers? In the first instance will he be able to issue "C" form at all i.e. Will the government allow him to issue "C" Form, if so under what norms? In the case that my company is the Dealer and registered for trading in Paint and we are taking Fire Extinguisher Dealership will I get set-off in "C" form for purchase and Sale. Kindly let me know on russel.raphael@gmail.com
In wct limit is Rs.5lac if vendor provide bill below 5lac wct will applicable or it aggregate I need deduction of wct 5lac slap
What are the basic and additional conditions for resident and ordinarily resident (ror)?
What are the streamlined sales and use tax agreement?
i had received an arrear 0f Rs.700000/- lacs for the period 1.1.2007 to 31.3.2010 and Rs.78000 for the period 1.4.2010 to 31.7.10 during aug'2010. my normal salary for 2010-11 is 400000/-. on what amount will my rent free house perquisite be calculated? i have also claimed rebate u/s 89 by distributing my arrear salary in previous years.
Can Guradians (other than parents) be dependents and can we get exemption on them at Taxation part like Medical, LTA and Sec 80DD? Pls Comment.?
Please explain how to pass entry for VAT setoff and Service Tax Credit?
Hello Sir, Please send the knowing calculation of attrition rate?
What are all include taxation...? What is to be noted in the taxation...? Hints would be highly appreciated.
what is the rule of TDS Deduction for Pvt Ltd Company ??? And What rule of not TDS Deduct for PVT LTD company ???
How can done the Accounting of WTC ? OR WTC treat (Take) like Service tax credit?
Please guide in Taxation. I want to know the CHALLAN NO, FREQUENCY OF TAX DEPOSIT,FILING FORM NO, FREQUENCY OF FILING OF ALL TYPES OF TAX(DIRECT & INDIRECT)
interest paid to bank rs.15000 in conection with statutory income tax proceedings.
what is CST % applicable on garments sales to other state?