I want to know full details of TDS?

Answers were Sorted based on User's Feedback



I want to know full details of TDS?..

Answer / anchit saxena

tax deduction at source is one of the mode of collection of
income tax. while certain kinds of payment the payer deduct
amount from the payee and deposit with income tax authority
1- tds on bank interest
2- tds on commission or brokerage
3- tds on lottery, horse race incomes etc.

Is This Answer Correct ?    22 Yes 1 No

I want to know full details of TDS?..

Answer / chitra

Tax deductable at source that means tax amount is deducted
from the tax paid already for the source.

Is This Answer Correct ?    14 Yes 8 No

Post New Answer

More Taxation Interview Questions

what is the exact excise duty with cess in Banglore.

2 Answers  


how to calculate sub contract tds his bill 48500?

6 Answers   Capital IQ,


how can i(accoutant) file tds,vat,service tax,salestax,business it returns?

2 Answers   Biotavia, GMG, Hot Brands,


how to calculated all taxes their information in details

0 Answers   KPMG,


Who will be authorized to collect Luxury Tax ? Is ther any form of returns for luxury tax? Bar & Restaurants are charging Luxury Tax @10%, is there any accountability for collection of luxury tax.

1 Answers  






I am George Moses from Mumbai I am asking the how to clculate the TDS on Labour ? Sub LAbour.

5 Answers  


IN HOTEL NET SALE AMOUNT IS Rs.1000. on that service tax amount @12.36 is Rs.124 then my question is while caluculation of vat both net sales and service tax is to be taken or not

2 Answers   TATA, TFSL,


i will get the tax exemption when my company offers medical premium that i will produce medical bills. plz clarify any one.

1 Answers  


Sir, We purchased coal from NCL on CST basis. An incentive is paid on the basis of performance basis of NCL. NCL Raise there incentive bill for Rs. 1000+CST2% Rs.20 Total Rs. 1020/-. But As per Our Calculation, Incentive bill should be Rs. Basic 900+18 (CST)total Rs. 918. We argue and disputed and paid only Rs. 918/- . After Some time they also agree that incentive amount should be Rs. 900+CST but Now they revised the bill like this Basic Incentive Rs. 900+CST Rs.20/- (Original Tax value). And now they are demanding C for with CST 20/- but our pleas is that we are not liable for the mistakes made by the NCL and will issue C for for Rs. 18 Only. Now They are demanding C for for difference of Rs. 2 of CST. My Question is what should be the actually value of C form for CST ie. Rs. 18 or 20. considering the fact that we accounted only rs. 918/- in books and disputed is resolved after one year for basic value.

0 Answers   NTPC, XYZ,


what is prepaid expenses & entry

9 Answers   Ernst Young,


If I have bought goods from a seller in India and finally exported it to some other country, my understanding says I have to issue form H to seller to get cst exemption. My question is wether Bill of lading is must to be given to seller or not bcos if I give bill of lading to the seller from whom i haave bought material confidential information will go to seller as bill of lading will have buyers details...pls guide how to overcome this issue.

0 Answers   City Ads,


if we are not able to issue F form and Goods transfer treat as deeded sale and want to paid taxes on that sale. but local tax rate is Zero. in above situation I can transfer of goods without F Form and Without paying any tax ?

1 Answers  


Categories