what is the diffrence between tds and vat?
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Answer / anju joshi
TDS is any amount paid by way of
salary,fees,commission,Rent,interest,etc is taxed at the
time of payment by the sourceThis is referred as tax
deducted at source.
VAT is the tax levied to the material in the process of
making the final good or product.Sine tax is levied only on
the value added to the product and not on the whole
material. It is referred to as Value Added tax.
TDS is a direct tax,whereas VAT is an indirect tax.
Some goods are exempted to VAT but there is no exemption to
TDS
| Is This Answer Correct ? | 117 Yes | 11 No |
Answer / santhosh kumar
TDS is the amount deducted at the payment or salary by
employer or whom will payment made.
value added tax is leived on the goods to sale with in the
state.
| Is This Answer Correct ? | 34 Yes | 7 No |
Answer / ajay shinde
TDS is a direct tax & VAT is a indirect tax
| Is This Answer Correct ? | 25 Yes | 3 No |
Answer / prince nakwal
vat is a value added tax and when we purchase and sales any
item then we use VAT vat is like a Sale tax.if the value
added tax were in force than would the value addition of
rs.20/-at the hand of the reseller alone be subjected of tax
if we have to answer the above question on the basis of
first principle of VAT,
tax deducted at source is one of the mode of colecting
income tax the buyer and payer (deductor)deductes tax from
payment mode to the seller payee(deductee)the dedctor then
this tax to the income tax department within the stipluted
time.
| Is This Answer Correct ? | 29 Yes | 10 No |
Answer / animesh kulshretha
TDS IS A Direct TAX AND VAT IS INDIRECT TAX
| Is This Answer Correct ? | 21 Yes | 2 No |
Answer / ashish kr. dwivedi
TDS - Tax deducted At Source.
VAT - Value Added Tax.
| Is This Answer Correct ? | 19 Yes | 5 No |
Answer / chandrakant
TDS is The Part Of Amount That deducted on income of
service done that may Salery,rent commision,fees,intrest at
payment time,it is direct taxable on services.
and VAT is part deducted at buy and sale of Goods,and it
is indirect taxable on goods.
| Is This Answer Correct ? | 13 Yes | 3 No |
Answer / suresh haldonia
tds is direct tax than this dedected u recipt & payment
above20000rs any source
vat is indirect tax this dedected source after buyer any
thin purchase than purachase amount + vat%
| Is This Answer Correct ? | 14 Yes | 7 No |
Answer / swatinerkar
TDS is a direct tax & VAT is a indirect tax.
DS is any amount paid by way of
salary,fees,commission,Rent,interest,etc is taxed at the
time of payment by the sourceThis is referred as tax
deducted at source.
VAT is the tax levied to the material in the process of
making the final good or product.Sine tax is levied only on
the value added to the product and not on the whole
material. It is referred to as Value Added tax.
TDS is a direct tax,whereas VAT is an indirect tax.
Some goods are exempted to VAT but there is no exemption to
TDS
| Is This Answer Correct ? | 11 Yes | 4 No |
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