what do you mean by tds
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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 |
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1 Answers Chartered Accountant, Unique Rubber Industries,
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