What is the difference between Advance Tax and TDS?

Answer Posted / arijit roy

Thank You all for the answers

Is This Answer Correct ?    14 Yes 13 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Hi Kindly provide the current slab for profession tax in karnataka and due date for remittance the profession tax

1934


CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?

1968


Explain the procedure to calculate provident fund, esi, vat and sales tax.

689


How will you calculate house rent allowance (hra)?

634


if i am running a tank lorry and the income of the tank lorry comes under haryana VAT 2003?

1007






What is RITC under UP VAT. and How it is calculated.

2512


What is the difference between Indian and us taxation

2189


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?

1785


What is excise & service tax?

645


where is applicable WCT & what is limitation for applicable it on company.

1398


i want to learn income tax work please tell me about all dedutions exempations and income detail...how to calculate tax on net income

1458


What is commercial tax? and what comes under commercial tax? What are the Provisions relating to it?

1595


Under the provisions of the BST Act, no registered dealer is allowed to collect any amount by way of tax in excess of the amount of tax payable by him. Excess tax collected is to be forfeited to Government. However i want to know whether tax payable amount is the amount before the set off claimed or the tax payable amount after availing the set off.

1454


what difference in motvat & cenvat? and why this prepared?

1789


Does the tax liability of an individual get affected due to his residential status? If yes, explain.

619