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What is TDS? Please explain rate of TDS.
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Answer / kamal
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.
| Is This Answer Correct ? | 127 Yes | 9 No |
Answer / amit kumar sharma
TDS means Tax Deducted At Source. when the payment made to
creditors against bills , at that time the company deducted
the tax on the total bill value called TDS. Rate of TDS is
varied on type of creditors. If the creditors is sub
contractor , TDS rate is 1% like that.
| Is This Answer Correct ? | 83 Yes | 28 No |
Answer / g.siva raju
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.THE
SAME HAS TO BE DEPOSITED WITH THE GOVT. A/C.ON OR BEFORE
7TH DAY OF THE NEXT MONTH,OTHER WISE THE EMPLOYER/DEDUCTOR
HAS TO FACE PHENALTIES, INTERESTS ETC. AND TO DEDUCT THIS
TDS FROM HIS EMPLOYEES & CONSTOMERS THE COMPANY SHOULD HAVE
THE TAN (TAX DEDUCTION ACCOUNT NUMBER). THIS IS MANDATORY
VIDE INCOME TAX RULES 206C OF INCOME TAX ACT 1961.THW TDS
RATES ARE DIFFERENT FROM EACH OTHER BASED ON THE NATURE OF
TRANSACTIONS & TURNOVER VALUES.
| Is This Answer Correct ? | 62 Yes | 8 No |
Answer / fairuz
TDS MEANS TAX DEDUCTED AT SOURCES. THE TDS RATES ARE
DIFFERENT FROM EACH OTHER BASED ON THE NATURE OF
TRANSACTIONS & TURNOVER VALUES.(TDS COLLECTED PARTTY
COTRACTERSE ONLY)
| Is This Answer Correct ? | 24 Yes | 5 No |
Answer / rajni
TDS- Tax Deducted at Sources . tds rates are classified for
nature of transaction [payment]
Like...............
payment to Contractor & sub contractor -1.03%
Payment to technical fees -10.30%
payment to Landlord [Rent]-15.45%
etc
| Is This Answer Correct ? | 22 Yes | 5 No |
Answer / shashi
Tds means tax deducted at source. at the time of payment of
due it will be deduct from the creditor . the rate of tds
is depend upon the nature of payment
| Is This Answer Correct ? | 18 Yes | 3 No |
Answer / saurabh kumar sharma
tds means tax deducted at source. Tax deducted depend on
nature that what nature of business as example:
that advertisment is releted tds 1.133% but this time is 1%
only tax without surcharges and educess.
| Is This Answer Correct ? | 11 Yes | 2 No |
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.
IF THE PARTY IS REGISTERED THEN APPLY 2%, IF THE PARTY IS NO REGISTERED PARTY THEN APPLY 1%.
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / suresh.n
tds means Tax Deduction Sources this on contractor/Subcontractors and Advertisement.
| Is This Answer Correct ? | 6 Yes | 3 No |
Answer / kakadiya vipul
TDS MEANS THE DEDUCTED TO OVRE BILL HAS FIRM OF-2% TDS &
IND PAN TO 1% IN BILL AMOUNT
| Is This Answer Correct ? | 6 Yes | 4 No |
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