Why we Deduct TDS ?
- 6 Answers
- 8148 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
The basic purpose behind deduction of tax at source is that
there are various payments which are in the nature of
incomes of the person receiving the amount but because when
tds was not in operation these receipt of incomes was
somehow concealed by receiver of income just to evade the
payment of income tax but deduction of tax at source makes
it possible for the department to control all the payments
which are in the nature of income of the receiver & hence
making them liable to show the receipt while calculating
their income tax liability. And accordingly their tax is
calculated.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / suraj
TO ALLOW THE EXP FROM INCOME TAX RULES NOT DISALLOW THE
EXPENDITURE AND NOT ADDED TO N.P., WITHOUT CONNECTING TO
TRADING BUSINESS
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / hemant
TDS is the part of income tax
this is the way for collect income tax if we deduct the
incoem tax is sure that person is liable for return
Whenever to be calculated the net income so that we can,t
show the disallowed expense in p&l accounts
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / sandeep rajput
TDS is a method for collecting the Income tax in advance
and to cover the more person in area of Income tax.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / bhaskar
To Know whar is the actual net surplus in organisation
| Is This Answer Correct ? | 0 Yes | 2 No |
How can i write off bad debt in tally erp9 ?
What is finance lease? What are bonus Shares? entry for it. What is Depreciation? What is the Journal Entry? What is DPS? What is minority Interest? where it is shown?
where will lostv appear in balance sheet?
1 Answers Alfa Automation, TCS,
What is the TDS rate for Salary???????
As you know any other accounting application?
What is the purpose of a balance sheet?
what are your current financial and accounting projects? What is your role?
What is the meaning of Decommissioning liability, explain in which serious we will use?
in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?
treatment of reserve fund in trail balance whether debit or credit.
what is golden accounting rules
Home furniture sold goods to Jhon for 150000 on 10th march 2015, due to damage occured in transmit rs 20000 worth of goods have been returned on 16th march 2015. What is the journal entry for both the instances ?
Audit 
