Answer / ayyanar

Advance tax contains " Tax paying in advance against company
income / Profit "

TDS Contains " TDS Paying after deduction from individual
income / sources "

Answer / p. navaneetha krishnan

Advance tax will be paid before ending of the financial
year on every quater as per the last date given with the
appropriate payable amount for Companies and Individuals.

TAX / TDS is deducation from Vendores / Creditors for
others / Employee, which need to be paid to the governemnt
account / to be remitted as per the scheduled date.

If failing on the above 2 cases, On scrutiny from the
respective departments Penality to be paid to the
governemnt.

Answer / shilpa khanderao

1)Advance tax in tax liability of company, Advance tax pays
on companies profit. The company who laible to pay tax has
to pay this tax in advance in the beginning of the
financial year.

2) Every Companies paying Tds on behalf of other company,
after completion of financial year company issue form 16A
to parties.

Answer / krksarma

advance Tax is assese pay the he value the his income and
expenses he will pay the tax.
tds will be deducted by other parties. like employer to
employee. lessor to lesse. here the other party will deduct
the incometax. he will the tax to government.

Answer / vedhavyas g kotekar

Advance Tax is the Tax which Company makes the payment on
the basic of Estimated profit this is compulsory to made
the payment September, December and March 08.

But TDS - Tax Deducted at Source, this is deducted from
service render to the company i.e, Labour Bill,
Professional Bills and Salary of Employees this payment has
to made on as and when deducted e.g, if we deducted from
Rs. 1050/- TDS from XYZ on September 2008 this payment as
to made on or before 05th October 2008

Answer / suman kumar jha

Advace Tax: if you paid exceed of 5000 tax than you will
paid the advance tax. advance tax paid behalf of assese.

TDS: tax deduction at source paid by behalf of employer.

Answer / y.bhaskara rao

the tax which we paid before in financial means before
31.03.2008 its called advance tax


tds in short form tax deducted at sources it is collected
in source of income

incase we sold to the goods to a indiviucal person to other state,but its claimed a form 'C' ?

2 Answers  

I have issued an invoice to a client in which i have charged service tax but I have not received any amount against that invoice. In this case when is service tax payable.

6 Answers  

what is excise return form ?

3 Answers   Asha Chemicals,

what is mean by differed tax?

3 Answers  

A person buys and sells a number of vehicles in a tax year and makes a significant amount of profit in the process. Will such profit be taxable as capital gain?

3 Answers  

Explain long term capital gains and how is it different from short term capital gains?

0 Answers  

I have raised and rendered services in Nepal and received the TDS Certificate in Nepal Currency Can i cliam this TDS in India ? or Nepal /

3 Answers  

AFTER GIVING INTEREST PROFIT OF RS. 20130 GIVING TO 2 OF WORKING PARTNERS OF THE BUSINESS FIRM

1 Answers  

Can we claim rebate of Securities transaction tax (paid on trading in F&O segment of stock market) while paying/calculating Income tax

1 Answers  

What is the penalty of non payment or late payment of Service Tax, VAT, TDS?

0 Answers  

if we mentioned vat 12.5% on bill then we print this bill on retail invoice or vat invoice

2 Answers  

THERE IS EXCESS TDS REMITTED UNDER SECTION 194 H IN EACH MONTH STARTING FROM APRIL 2011 TO DECEMBER 2011.THIS IS DISCOVERED IN JANUARY 2012. THE QUARTERLY RETURN IS YET TO BE FILED. HOW TO TAKE EXCESS CREDIT IN FILING QUARTERLY RETURNS ? WHETHER EXCESS TDS CAN BE ADJUSTED AGAINST REMITTANCE OF TDS FOR JANUARY 2012 (UNDER 194 H ONLY)AND THE BALANCE ONLY CAN BE REMITTED? IF SO, HOW TO GIVE THE CHALLAN REFERENCES IN THE RETURN?

0 Answers