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What is the difference between Advance Tax and TDS?
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Answer / ayyanar
Advance tax contains " Tax paying in advance against company
income / Profit "
TDS Contains " TDS Paying after deduction from individual
income / sources "
| Is This Answer Correct ? | 1 Yes | 1 No |
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.
| Is This Answer Correct ? | 2 Yes | 3 No |
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.
| Is This Answer Correct ? | 0 Yes | 1 No |
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.
| Is This Answer Correct ? | 7 Yes | 9 No |
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
| Is This Answer Correct ? | 4 Yes | 6 No |
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.
| Is This Answer Correct ? | 1 Yes | 3 No |
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
| Is This Answer Correct ? | 8 Yes | 14 No |
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