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what is TDS
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Answer / arnab bhattacharya
Full form of TDS is Tax Deducted at Source.
It is an indirect tax and deducted from the source where
the payment is made. i.e. For salary TDS is deducted by the
Employer & also deposited by the Employer for the Employee.
| Is This Answer Correct ? | 21 Yes | 6 No |
TDS means Tax Deducted at Source. It is the amount withheld
from payments of various kinds such as salary, contract
payment, commission etc. This withheld amount can be
adjusted against your tax due.
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / rajeshwar
tax deducted by the service receiver on service provider at
the time of payment or book entry which ever is earlier
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / nagendra chary
tDS means Tax Deducted at Source. It is the amount withheld
from payments of various kinds such as salary, contract
payment, commission etc. This withheld amount can be
adjusted against your tax due.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sandeep kumar sharma
Tax Deductiet Source,
It is in Indirect Tax
| Is This Answer Correct ? | 3 Yes | 8 No |
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A Service provided has provided bill amounting rs. 100000 dt. 30/04/2013 & i have paid amount with 30000 Rs. as on 24/5/2013, & 20000 paid on 7/6/2013 & rest of the amount has been paid as on 15/6/2013 then on which amount TDS has been deducted. may it deducted on Bill amount or payment amount? If bill amount then at which date TDS entry should be done ? & if on Payment date then which date. and if i want to compute interest for late payment of TDS then Which date should be consider for interest payment computation. Do the needful for the same.
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