what is tds and why its charged on pament or receipt
Answers were Sorted based on User's Feedback
Answer / anil sharma (jindal poly films
TDS is liability of payee and it is applicable at the time
of accrud basis or actual payment whatever is earlier. As
per Income Tax Act, 1961 TDS is applicable on different
payments with different rates.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / d.naveen
TDS Means Tax Deducted @ Source. it is applicable for
payments olny certin expenses eligable for the TDS aspects
ex,. RENT - when exceed the Rs.10000/- P.a, Interest -
Rs.5000/- above and Commission - Above 5000/-. above all
the items are profit decreas items so I.T impliment the act
for T.D.S whatever u pay the payments u will deduct the
some amount that will be collect to me .
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / veer
tds is an advance tax which we deduct in advance basis but
on salary it is deduct on actual basis.
| Is This Answer Correct ? | 3 Yes | 3 No |
what is the scope of business taxation in private company?
i want for essuing c form .what is the formalties for this according cst department
Sir we have maintaint RG 23 Part I Excise Register manually but we can maintaint excise register in Tally erp 9 we tray but tally not show properly RG 23 Part I Excise register like manual. please guide & solve the problme.
Is TDS is applicable for subscription/membership fee paid to registered council?
if a product arrives to us at mrp price of 205 and vat percentage is 12.5%, how to bill for the customers
HOW TO FILE RETURN- SALARIED PERSON GETTING SALARY 6 MONTH FROM ONE & 6 MONTH ANOTHER COMPANY
0 Answers First National Bank,
Which Schedule must prepared with Balance Sheet as a supporting documents. breifly explain? like depriciation,debotrs,creditors
If my company undertakes an AMC (Annual Maintainence Contract)with a Service company for Photocopiers Machines it is understood that we will be charged 12.36% of Service Tax on 70% of Total amount however how much percentage VAT is applicable on rest of the 30 % of total amount?
Please advise where to enter Income tax paid to Govt. in tally and on which head account to be created///
What are the relevent Scetions of Income Tax Act India, under which amount for TDS diductin ( on Services Invoices ) is calculated ? and which are important Cases of HC/SC regarding TDS on Service Tax Portion?
How many form C we can issue or receive in 1 quarter against Inter state purchase or sales
9 Answers Alstom, HBL Power Systems, Piyush Industries,
how to get input credit in vat & service tax