What is the TDS . and how can we identify this is TDS
Deductable or not.
Answers were Sorted based on User's Feedback
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 |
WHETHER VAT IS APPLICABLE IN FIRMER TRACTORS ? WHETHER VAT IS APPLICABLE IN NORMAL TRACTORS ? PLEASE NOTE THAT I HAVE PURCHASED IT BY PAYING VAT.
We are purchasing machinery from Mumbai supplier. Deliverable in Jamnagar & invoice is on our name (Maharashtra). Can we issue 'C' form?
A company given a party in order promote the company to its customer in a hotel then hotel provide some food & services to the customers of the company. should TDS deducted on payment made to hotel's bill? if payment is near about 35000/-.
if i have a comany take contract from gvt. & i take contract from that company, & in his bill he show about all tax deduction ike IT, WCT etc, but material is purchase by that company not by us so here i want to know how WCT applicable? on total amount of contract or according to rule like material service & after adding all things??
if Advance Tax is diposited by u Rs.200000/- TDS Deposited Rs.100000/- Assesment tax raised by It depart ment Rs.350000/- What will be the Journal entries?
when we buy an assets a vat has been charged, under which head we show this entry according Haryana sales tax act?
TDS rate for Building Maintenance ????
How to reconcilation of modvat
What is the time limit for Payment of VAT Payable and Filling Return?
How to Claim Cenvat Credit.
what is the exise limit in granite manufacturing
Dearlers Margin Received for Direct sale from our Creditor, that TDS deducted for us. How to accounting in my records in Tally ERP 9