what do you mean by tds
- 6 Answers
- 12320 Views
- Oyster Learning, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / geetanjali
TDS is tax deducted at source. It is the sum which is
deducted from total income. It is deducted under various
sections like 192, 194J, 194 I, 194 H etc. It is on
estimated basis. If total income exceeds the basic
exemption limit then sum amount in the form of TDS is
usually deducted from total income. And if at the year end
TDS amount is more than the total income tax calculated
then remaining amount is refunded by way of filing income
tax
| Is This Answer Correct ? | 29 Yes | 5 No |
Answer / karthik
Tds is a tax which will be deducted by the service receiver and service payer at the time of credit or payment which ever is earliler and pay every month 7th on previous month deducted amount.thre return should file every quarter wise.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / d.selvakumar
Tds is a tax which will be deducted by the service receiver
and service payer at the time of credit or paymnet which
ever is earlier and pay every month 7th on previous month
deducted amount. thre return should file every quarter wise
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / nagu
TDS means Tax Deducted at Source. It is a mean of collecting income tax governed under the "India Income Tax" act 1961. it managed by Central Boards for Directs Tax (CBDT). And Part department of revenue managed by Indian Revenue Scheme(IRS).
| Is This Answer Correct ? | 1 Yes | 0 No |
what is excise duty and how can we mantain its account in outgoing and incoming of bill status.
we have some central purchase bill against c form i want c form against this bill what requirment for form because we have not recived any c form from the cst office please advice me what i do . thanks
when sales made in 2% cst against c-form, the buyer issue the c form to the seller, what the seller made on these c form , how can the seller benefited by the c form?
The Depreciation Rate for Heavy Equipments like cranes (used in the construction of bridges, flyovers etc ... ) is 30% as per the companies act. If i buy a crane for Rs. 10 Lakh and claim depreciation the cost of the crane in the 2nd year is 7 Lakh and in the 3rd year it is 4.9 Lakh and in the 4th year it is 3.4 Lakh ...... Can i re-value the crane in the 5th year to the 2nd hand market price of Rs. 20 Lakh and claim depreciation on it @ 30% ? (Cost of crane in 6th Year now is 20 Lakh - 6 Lakh = 14 Lakh )
Please help me to find VAT Rates of the follwing Items in A.P 1.Fiber Glass -CSM -Roving W.R Polyster Resin G.P{general purpose)Roofing,ISO Thanks & Regards Mohan .V
hi how much deducted tds on intrest,rent,contract, subcontract, what is the new rat of tds?
What is TDS?
what kind of documents required for VAT Assessment?
How can I Return CST Form-I
Which form we use for depositing Advance Tax
During the financial year if i had made CST purchase in may 2011 Rs.200000/-, in july 2011 Rs.150000/-, in august 2011 Rs.100000/- so for the above transaction i have to obtain three C forms for each transactions now let me clear that by providing relevent details to the Tax department when they will provide me the c forms for the above transactions?
profarma of computation of total income?
Audit 
