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What is the TDS . and how can we identify this is TDS
Deductable or not.
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Answer / pardeshi pawar
TDS is a tax which is deducted on service provider by
service receiver means tax deducted at source.
It is identify depends on contract of service & service
value, transactions exceeding to Rs. 20000/- or in one
financial year if transaction are made upto Rs. 50000/- in
individual seperate entry or payment.
| Is This Answer Correct ? | 15 Yes | 5 No |
Answer / javeed
tds is tax deducted at some source
it is decuted on expenses & incomes
when the payer or deducter is paying certain amount to his
s.creditor or deductee he deducts certain amount as tds and
deposite that amount to the govt within 7 days of deduction
and issue a certificate to dedutee ( form 16 or 16a)
on tds we will get half yearly returns
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / manoj s
Tds is Tax deducted at source..
YOU can identify the TDS with the respective TDS
certificate..
FOR instances
IF it is salary income. You can see FORM 16 and IF Its any
income other than salary, then you can see FORM 16A
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / bisurajak
tds is tax deducted at source. which are deducted on income
in nature of direct and indirect as per the rate applicable
under income tax act
| Is This Answer Correct ? | 1 Yes | 4 No |
What is the difference between TDS and TCS?
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