whom can deduct the TDS?
Answers were Sorted based on User's Feedback
Answer / damarla
The company/firm which is paying the bill to the supplier
of service/goods has to deduct the TDS according to the
rate applicable and the same shall be remitted to the
supplier tax account number.
| Is This Answer Correct ? | 29 Yes | 8 No |
Answer / s.shanthi
Company/Firm who are paying to the contractors/service
personals/sales comission.
| Is This Answer Correct ? | 18 Yes | 4 No |
Answer / bindeshwari chauhan
TDS are not required to be deducted by proprietary concern
and partnership firm as in Indian law it is assumed that
they are not required to know this law. but if they are
under audit they have to deduct Tds ........ Refer sec.190
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / shiva
the tds will deduct by company / firm]
the service who gained, they deduct the service from whom
we got service.
| Is This Answer Correct ? | 6 Yes | 3 No |
Answer / ravi
The company/firm/individual who is paying the amount to the
suppliers/servce persons those to deduct the TDS according
to the rate applicable and the same shall be remitted to
the supplier/service person tax account number
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / yogender singh
any one can deduct tds it may be company firm or individual.
if any of the above is using any services or paying any kind
of interest, commission or rent, then he/she/it is liable to
deduct tds as per the current rate, it also depand on the
liabilitie of the tds deduction
| Is This Answer Correct ? | 9 Yes | 7 No |
who is debtor and creditor?
for an inter branch bank transfer (sbi to sbi)what entries should we pass?
What is Debit Note and Credit Note? Subsidory Books? Minority Interest? Stock recording in P&L? Outstanding Expenses, Prepaid Expenses and Examples?
How Advances to suppliers for purchase of raw materials is to be considered while calculating Drawing Power
0 Answers State Bank Of India SBI,
What is the journal entry for paying 50000 rs. To xyz co. For professional fees after deducting tds on that.
Different types of payments
HOW TO FILL PURCHASE RETURNS IN VAT 200,IF NOT PURCHASES THE PERIOD?
which will be the assessement year for2010-11.
Tell me what steps would you take to increase revenue for this company?
What is rate & taxes in Accounting. when we make a journal entry like rate & taxes debit & party credit. So i want to guide me consider for rate & Taxes.
what is the entry for toll gate fee
A change in accounting policy is justified (a) To comply with accounting standard. (b) To ensure more appropriate presentation of the financial statement of the enterprise. (c) To comply with law. (d) All of the above.