Interested to Buy Any Domain ? << Click Here >> for more details...
what is actual meaning of Tax Deduction at source
- 10 Answers
- 22952 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
TDS is to be deducted and to be paid to the central
government on behalf of who receives any amount i.e
consultancy, contract income, rent or any under the head
prescribed by the government.
TDS is applicable if the payment is exceeds (one time
payment) Rs. 20,000/- or Rs. 50,000/- p.a during the year.
tds to be deducted as prescribed rates.
| Is This Answer Correct ? | 84 Yes | 10 No |
TDS Means Tax Deduction at Source which is source of tax
collection by central govt. & lavied on diff. type of
services provided by any person or firm.
| Is This Answer Correct ? | 26 Yes | 9 No |
Answer / hunny gupta
There are certain payments which are made by a company after
deducting certain amount of tax on it and that amount is
later on collected by the govt. For example, if a company
pays dividend to its shareholders, it will deduct a certain
amount as CDT(Corporate Dividend Tax). This deduction is
basically TDS
| Is This Answer Correct ? | 15 Yes | 5 No |
Answer / md azhar nazir
TDS is liablity of a company or firm which they paid to
goverment as they under different concern or event i.e
rent ,salary ,consultancy chrg,etc.they collecte the
certain amt then dedected form above and paid to govt. in
other recevied a salary as decdectd certian amt that called
the TDS.
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / saravanan
Dear Friends,
TDS which was implement by the indian govt.which can deduct on supplier invoice(only service provider).in this transportation exempted from tds...
we claim tds from govt or deduct amount from total tax which want to pay as income tax for every year
we can call tds as rotation money to govt.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / karthika
TDS is collection of money from dector after currect
payment by govt.
| Is This Answer Correct ? | 4 Yes | 4 No |
Answer / matt
deduction of tax at the source of payment...like rent
| Is This Answer Correct ? | 4 Yes | 13 No |
Answer / pankaj kumar chandwani
TDS is deducted by the deductor (Amount Payer) on the certain specified services on the behalf of the deductee (Payee/receiver)and paid to the Income tax department.
| Is This Answer Correct ? | 3 Yes | 12 No |
What is enty in Tally of newly capital brought to start business?
difference b/w public and private company?
Purchased goods worth @25000 at 10% trade discount from seven who paid 200/- as carriage on behalf of prabhakar
What are the main Reconciling entries in Bank Reconciliation?
why you choose accounting as your career ? ?
Expand NEFT
EXPAND______________IDBI?
Preliminary expense of company?
what is the use of accounting standards
what is the nature of bill receivable and consignmenta/c
what is difference between venture capital financing and equity financing?
Please help in payroll accounting in tally 9.0, by all means and all things in it (Ex:creation of pay heads, employyes groups, etc and other things which are necessary for payroll accounting).
5 Answers ABC, Accounting, Aplomb, Infowaves, NIIT, Veekshanam, Wipro,
Audit 
