what is tds concept
- 2 Answers
- 11504 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / arun
T.D.S IS LIKE ADVANCE TAD EDPOSITED BY THE PARTY FROM WHOM
BAYMENT IS MADE
| Is This Answer Correct ? | 20 Yes | 8 No |
Answer / gaurav
In a simple language TDS stands for tax deducted at source.
It is a tax that is deducted from the earning of the
employee by the employer in other words it is a tax that is
deducted at source. It is deducted as per the finance act of
that year. TDS should not be confused with the income tax
return; TDS is a different tax than income tax . Tax
deduction is useful to reduce the income taxand provide tax
relief. TDS is deposited in the government treasury and
later on assigned to central government. TDS came into
existence because government wants to expand their tax
bracket in the country.
| Is This Answer Correct ? | 6 Yes | 3 No |
what is TDS
i am proprioter of firm can i use my tan firm & personal
WCT charged on firm or on proprietor?
I Have Deducted the tds against advance payment and how to adjust in the bill
we have rendered a service for the period 1st may 2016 to 31st may 2016. Quest: Can we raise the invoice with service Tax 14.5% on 1.6.2016 for may period bills? pls clarify
what is the defference between tds & tcs ?
Excisable material sold without charging excise duty, Now after 3 months, I am issuing Suplimantary bill to party for Excise payment, now please tell me the interest need to pay for this and also is there need to pay interest if i have sufficiant amount of cenvate credit balance in these 3 months.
My client is a Partnership Firm and was converted in to the Pvt. Company. Now, the Question is that the both the entity i.e. Partnership Firm and Company entitled to get the Depreciation of Proportionarate basis, they used the Assets? I reffered to the Income TAx Act, there is no any specification regarding the convertion only the amalagamation and merger.
Please mail me the TDS rates for the year 07-08? aamirdeba@in.com
What is service tax?how deduct service tax?
A SUPPLIER FROM GUJARAT IS ASKING 15% CST AGAINST SUPPLYING OF LIFT IN PUNE (MAHARASHTRA) IS IT APPLICABLE OR NOT?
2 Answers Nitin Art Infrastructure,
In an E1 trasaction, if the dealer fails to get the E1form from his supplier& submit it to the Sales Tax Authority, then how much will be the expected penalty from Sales Tax department, if the local tax of those item is 14.5%? Please Note: Dealer has submitted all other documents to sales tax including customer Cform expect E1 form. Kindly give us the valuable answer with the supporting CST circular number.
Audit 
