Answer / guest

tax deduction source , it is deducted on salaries, contract
work done, and also on professions or commissions

Answer / pawan lodh

tds is tax deducted at source, it is deductible only when
deductor makes payment to deductee,
there are many types of tds
1 u/s 194 a intrest
1 u/s 192 salaries & so may u can check it out on
national website of income tax i.e. incometaxindia.gov.in

Answer / kethura

TDS is an indirect tax. it is the tax decucted at sources
(payment) by the payer and the same amount is remuted to
the government(IT Department)

payer(deducter)-The person who deduct tax and pay to
government is known as deducter. Deducter includes any
person (sec 2(31)) person ,INdividual, Huf, Body of
individuals etc and also includes government.

payee-(deductee) The person from whose income tax is
deducted is known as deductee.

following are the payments from which tax is deducted :
salary, interest on securities,interest on bank deposists
interest on post office deposist, comission, lottory
tickts, dividents on shares, horse rates income contract or
subcontract fees , Insurance comisson,rent, profession or
techniacal.

Answer / deepak jain ca

pls mail to me for more information & tds chart 2008-09
F.Y.

Answer / bhargava arun

tds is a indirect tax,which is deducted fron salary,
interest on fixed deposit ,commission, commission on
securities and dividend. one who pay tds know as a deducter
and one who payment tds is known as a deductee.

Answer / deepak salokhe

tsd is one kind of indirect tx collected by the govt.. This
is governed under Indian Income Tax Act, 1961, by the
Central Board for Direct Taxes (CBDT) and is part of the
Department of Revenue managed by Indian Revenue Service
(IRS), under the Ministry of Finance, Govt. of India.In
simple terms, TDS is the tax getting deducted from the
person receiving the amount (Employee/Deductee) by the
person paying such amount (Employer/Deductor). This is
applicable for certain types of payments, as applicable
under the Act.The word "TDS" stands for Tax Deducted at
Source. In India, TDS is deducted from various sources like
salaries (Section 192) , interest on securities (Section
193), dividends (section 194), interest other
than "interest on securities" (Section 194A); winnings from
lotteries/crossword puzzles/card games (Section 194B),
winnings from horse races (Section 194BB), payments to
contractors/sub-contractors (Section 194C), insurance
commission (Section 194D), payment out of deposits under
National Savings Scheme (194EE) or on account of repurchase
of units referred to in Section 80CCB (Section
194EE/Section 194F), commission/brokerage (section 194H),
commission on sale of lottery tickets (Section 194G), rent
(Section 194I), professional/technical fees (Section 194J),
etc.

Answer / samir inamdar

# 3

TDS is an indirect tax. it is the tax decucted at sources
(payment) by the payer and the same amount is remuted to
the government(IT Department)

payer(deducter)-The person who deduct tax and pay to
government is known as deducter. Deducter includes any
person (sec 2(31)) person ,INdividual, Huf, Body of
individuals etc and also includes government.

payee-(deductee) The person from whose income tax is
deducted is known as deductee.

following are the payments from which tax is deducted :
salary, interest on securities,interest on bank deposists
interest on post office deposist, comission, lottory
tickts, dividents on shares, horse rates income contract or
subcontract fees , Insurance comisson,rent, profession or
techniacal.

Answer / jitender sharma

TDS is an Direct Tax because it is charged on our income or wealth. It is deduct by the payee or the person who paid the expenses. And every person is not eligible to deduct TDS. The govt. had decide the bench mark for that.
If any Business's turnover exceeds the amount Rs.60,00,000. and if the person involves in any profession then its total Receipts must exceeds Rs.15,00,000.
The person comes in this criteria must deduct TDS and paid to the Govt.

Answer / mahi

TDS IS AN ONE TYPE OF INDIRECT TA DEDUCTED BY THE PAYER
BEFORE THE PAYMENT MADE TO ANY PERSON[U/S 2(31)] IN RESPECT
OF WORK DONE BY HIM

Answer / viraaj

simply TDS charged on all the payments & expenses according to sections.

what is the tretment if we paid service tax wrongly in different service tax head ex. commissioning , repairs & maintenance.our liability for commissioning but we paid some into repairs & maintance . what can i do in this situation

1 Answers  

whether octroi service charge levied on entry tax? and is service tax levied on octroi service charge?

0 Answers  

I am register delear in Maharashtra state, I sold pulses to a register delear in Andrapradesh state. In Andra state tax is applicable on pulses, but in Maharashtra pulses are tax free, So I have to take "c" form from buyer party or not ?

1 Answers  

What is the rate of TDS on Rent on NRI

0 Answers   IEC,

TELL ME CST RATES, VATE REATES IN U.P. DELHI.

2 Answers  

Our Company is engaged in Construction activities. We are going to purchase Exacavator Machine from the interstate. Whether the above purchase covered by issuing C form ? Whether can we apply for C Forms in sales tax Dept ? Please clarify sir

7 Answers   Construction, Real Estate,

What is turnover limit for Auditing of Service Tax, VAT, Income Tax, Provident Fund, P. Tax and WCT? Please mail me at gautam_ch2 @ rediffmail.com or call me at 09831707812.

0 Answers  

When calculating tds on bill ,TDS need to be calclated on "Base Amount" or "Base Amount"+ "Vat Amount" ? please answer with relevant provision

4 Answers  

what is the last date for payment of tds for the month of March - for the last three assessment years?

1 Answers  

what is service tax

3 Answers   IBM,

what is excise return, what is form requirement and what is procedure for excise return?

0 Answers   ABC,

dear sir if i dont know the sell bill amount the. client give me 88036 amount cheque this cheque already cut tds 2.065% how will the service tax how i calculate this pls give easy process.

1 Answers