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what is mean by tds
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Answer / r.vara lakshmi
TDS means Tax Deducted at Source. Ex:- We do certain job
work to the parties and we raise the bill on the name of the
Party. The party in turn gives us the Amount after deducting
TDS amount to us and in turn the party would give us
Form.16A Sales Tax TDS for the amount which has been
deducted. This Form should be submitted to the Auditors
while preparation of Balance sheet for verification.
| Is This Answer Correct ? | 42 Yes | 2 No |
Answer / venkat reddy da nda
TDS is Tax deducted at source.
If 10 % TDS is deducted and you have no other taxable
income then you get full refund when you file income tax
returns with documentry proof of having paid TDS.
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / shalaka chavan
TDS is a specific mehtod used by income tax dept applicable
to certain professional. in this mehod the income that is
to be paid by the dealer is recovered from the customer.
The amount of tax is to be deducted from the payment that
is made. Therefore the responsibility of paying the tax
lies with the customer.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / ganne ravi kiran
TDS is Tax deducted at source.
If 10 % TDS is deducted and you have no other taxable
income then you get full refund when you file income tax
returns with documentry proof of having paid TDS.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / ameet narayankhedkar
TDS is the amount of tax getting deducted from the person
(Employee/Deductee) by the person paying (Employer/Deductor).
National Securities Depository Ltd. (NSDL) after having
modernised the settlement system in the Indian Capital Market
by pioneering scripless settlement is now in the process of
establishing a nationwide Tax Information Network (TIN) on
behalf of the Income Tax Department (ITD). This is designed to
make the tax administration more effective, furnishing of
returns convenient, reduce compliance cost and bring greater
transparency.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / vadi raju n
Tax Deducted at Source. It means the tax collected by deductor
on Taxable Income from deductee.
| Is This Answer Correct ? | 7 Yes | 7 No |
Answer / srikanth.kota
TDS is tax deducted at source,which the amount we get when we paid tax that is the TDS
| Is This Answer Correct ? | 0 Yes | 0 No |
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