Answer / gautam sharma

TDS MEANS TAX DEDUCTED AT SOURCES. THAT MEANS TAX SHOULD BE
DEDUCTED ON THE INCOME OF THE ASSEASSEE AT THE TIME OF
PAYMENT OR AT THE TIME OF CREDIT WHICH EVER IS EARLIER.TDS
RATES ARE CHANGES YEAR TO YEAR.THESE ARE NOT CONSTANT BUT
IN PAST YEAR(2012-2013)10% RATE IS APPLICABLE ON MAJOR
APPLICABLE TRANSACTIONS BUT IN CURRENT YEAR IT IS 12% ON
MAJOR TRANSACTIONS.

Answer / laxmi reddy

Tds means tax deduction at source witch is deducting while payment made against the creditors

What is purchase tax. ? Define .

1 Answers   Jaguar,

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Iam 1 truck owner and tds diduct in my trucks bills.How can i refund the tds amount. if any forms to do this.pl tell me.

1 Answers  

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is tds applicable on octroi charges?

1 Answers  

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if firm sales tax paid , under which ledger and subledger it would be posted? give brief information

4 Answers  

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why is service tax set off is consider while calculating wct tds

0 Answers  

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i had received an arrear 0f Rs.700000/- lacs for the period 1.1.2007 to 31.3.2010 and Rs.78000 for the period 1.4.2010 to 31.7.10 during aug'2010. my normal salary for 2010-11 is 400000/-. on what amount will my rent free house perquisite be calculated? i have also claimed rebate u/s 89 by distributing my arrear salary in previous years.

0 Answers  

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define double entry bookkeeping

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How to get the C form? If i am a registerd delear

1 Answers  

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i have a question that if i need to deduct wct on contract but the supplier don't have the vat registration what shoul be done?

2 Answers  

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What are the criteria to avail lower deduction of TDS & why the lower TDS deduction certificate issued?

3 Answers  

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IS THERE IS ANY EXUMTION FOR THE NEW CONCER TO NOT THE DEDUCT TDS IN THE 1st YEAR OF ITS INCORPORATION IF THE TURNVOER EXEED THE SPECIFIED LIMIT IN THE 1st YEAR.

0 Answers  

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What is the form H in case of sale to export? what is the sale against form "H"?

2 Answers   Delta,

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