Answer / lakshmanan. k

TDS= Tax Deducted at Source...
It has paid by a person or company.. u/s
192,193,194,194a,194b,194bb,194c(1),194c
(2),194d,194ee,194f,194g,194h,194i,194j & 194la.

Salary above Rs.13,333. p.m assessement year 1/4/09 -
31/3/10. under salary tds rate.

Answer / jayadev

TDS is Tax Deduction at Source

Assessee pays tax in the assessment year on the income
earned in previous year . Due to this rule the tax
collection is delayed till the completion of the previous
year . Even some times people conceal their income and the
tax is mot paid at all . In order to overcome these
problems, government started deducting some amount of tax
from the amount . Whichis receivable by the assessee .The
amount of tax so deduvted is called as "Tax Deducted at
Source".
It is one of the methoding of Collecting Tax.

Answer / dillip chand

TDS means Tax Deducted at Sourse the amount of money
deduting from income of employee the time of paymentby
employer.for salay= total tax/total income X 100.

Answer / darshana sable

tds is tax deducted at sources

Answer / pradeep

TDS is tax deduct at source there are two parts in this
case 1. deducter who deduct TDS and 2. deductee whose tds
deduct when 1 party make any work payment for 2 party that
time deduct tds of 2nd party and pay balance amount to 2nd
party and duducter release a TDS certificate for 2nd of
total tds deduction which help in Income tax return
Note.:- PAN is compolsury for TDS both parties

Answer / parth

tds stands for tax deducted at sorce... it is the tax that
an assessee has to pay at the time of earning an income..
it is different from tax paid at the time or filing return
since it is paid in the previous year itself...


TDS stands for Tax deducted at source. Any income payable
to the assessee shall be liable for deduction of tax at
source by the person responsible for making payment. TDS is
deducted at prescribed rate as per the Finance Act of that
year.

Answer / chetan prakash cwa (cat)

tds stands for tax deducted at sorce... it is the tax that
an assessee has to pay at the time of earning an income..
it is different from tax paid at the time or filing return
since it is paid in the previous year itself...

Answer / lalit bhardwaj

A type of decree imposed by govt., we are bound to pay the tax

Answer / savad kavay

TDS Referrs Tax Deducted at Source. Which Applicable for
those whose Annual Income Exceeds 180000

Answer / jayapalreddy

tax deducted source at the payment of tax

How to calculate closing stock? I have opening stock of 72 lacs (average costing without tax) and purchase of 49 lacs (with tax) and sales of 101 lacs (without tax). What is my closing stock then???? Should i add tax in sales? Where all should tax be included and where all should tax NOT be included? Right now i calculated => 72(no tax)+49(with tax)-101(no tax) = 20 lacs. IS this correct?

0 Answers  

pLAESE TELL ME ENTRY ONE PURCHASE BILL RECEIVED THERE IS PURCHASE AMOUNT 15000/- INPUT VAT 4%-600, FREIGHT CHARGE IS 400/ .SO THAT IS THE ENTRY

4 Answers  

Can You Please Define Book-Keeping?

1 Answers  

how could prepare a bank charges entry in the tally

12 Answers  

EXPAND_________VT

1 Answers  

Give some reasons for disagreement of the balances between cash and pass book.

2 Answers   Franklin Templeton,

what is the meaning of interim period?

2 Answers  

I am pursuing MBA in finance and I am having the work experience of 2 years as a customer support executive in Lg electronics. So,Please suggest me whether I can show this experience at the time of interview or not?

1 Answers  

plz send all previous question papers for SBI clerical post.My email id is mechabhilash6@gmail.com

0 Answers   State Bank Of India SBI,

what is break even point?

31 Answers   ADP, College School Exams Tests,

What are the main Reconciling entries in Bank Reconciliation?

3 Answers   TATA,

If a professional Musician hired for one time for Rs. 5000/-, is it compulsary to deduct the TDs from that amount?

3 Answers