What is TDS? Please explain rate of TDS.
- 12 Answers
- 38046 Views
- Accounting, ITC Infotech, KMC, vguard, I also Faced
- E-Mail Answers
Answer Posted / g.siva raju
TDS MEANS TAX DEDUCTED AT SOURCES. THAT MEANS TAX SHOULD BE
DEDUCTED ON THE INCOME OF THE ASSEASSEE AT THE TIME OF
PAYMENT OR AT THE TIME OF CREDIT WHICH EVER IS EARLIER.THE
SAME HAS TO BE DEPOSITED WITH THE GOVT. A/C.ON OR BEFORE
7TH DAY OF THE NEXT MONTH,OTHER WISE THE EMPLOYER/DEDUCTOR
HAS TO FACE PHENALTIES, INTERESTS ETC. AND TO DEDUCT THIS
TDS FROM HIS EMPLOYEES & CONSTOMERS THE COMPANY SHOULD HAVE
THE TAN (TAX DEDUCTION ACCOUNT NUMBER). THIS IS MANDATORY
VIDE INCOME TAX RULES 206C OF INCOME TAX ACT 1961.THW TDS
RATES ARE DIFFERENT FROM EACH OTHER BASED ON THE NATURE OF
TRANSACTIONS & TURNOVER VALUES.
| Is This Answer Correct ? | 62 Yes | 8 No |
Post New Answer View All Answers
how many sale tax charged on the billing for central dealer by uttar pradesh dealer at furniture items ? & how many sale tax charged for u.p. dealer by up dealer ?
Our company refundable ST amount but we dont want to refund amt but i want to adjust that refund amount anywhere
What is export under ribet notification number
I want to know the TDS ammount which deducted by company.
sub hadding no. scrap & Wastage in corrugated box
How We know we are liable for Profession Tax liability. I have an optics shop & I want PT Number so what should i do?
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.
Suppose that a sub-contractor total work done for Rs.100 & he charged 10.3% service tax.Then total gross value will RS.110.30.On what amt you will (that means on total work done or total gross value)charged Retention@10%,WCT@3% & TDS@2%.
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.
Can we get excise and VAT credit form staff welfare goods like shoes, uniform, goggles etc.?
if company is registered in West Bangal and goods are purchased from Maharashtra for export, and export will be done from Maharastra, then who can issue the H form?
A person somehow gets hold of an extraordinary rare bird, keeps it as a pet for two years and then sells it off. Will related profit be taxable as capital gain?
Where can i get IFAM Banglore details, i came to know that there they are giving Accounts & Taxation Training on Real Projects, and they are providing Job after training. I got one number that is not reachable i.e 9591777526. Please give me if any one knows this Institute details.
How can company withdraw the amount of Group Superannuation of the employee who has left the job before completion of one year ?
Please mail me the TDS rates for the year 07-08? aamirdeba@in.com
