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Why we Deduct TDS ?
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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 |
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