Answer / anchit saxena

tax deduction at source is one of the mode of collection of
income tax. while certain kinds of payment the payer deduct
amount from the payee and deposit with income tax authority
1- tds on bank interest
2- tds on commission or brokerage
3- tds on lottery, horse race incomes etc.

Answer / chitra

Tax deductable at source that means tax amount is deducted
from the tax paid already for the source.

As an accountant what we have to do if purchaser is not paying us form C however we have charged tax at lower rate against form C?

8 Answers  

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Is Late fee and service tax thereon LIC Premium is elgible for deduction u/s 80C ?

2 Answers   Voltas,

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if my salary is 21855 per month for finicial year april 2011- march 2012 what tax will be deduct

4 Answers  

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Our firm is 7 years old. We don't have PT registration for partners as well as employee. If we do it now, will it be a problem or how much penalty will come. Any one can give suggestion.

1 Answers  

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If anybody have knowledge about opening for the post of accountant(for Gurgaon/Delhi) kindly mail me verma_moti@yahoo.co.in. I am handling accounting sales tax/vat,Excise,service Tax,Tds and MIS.

0 Answers  

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Please guide in Taxation. I want to know the CHALLAN NO, FREQUENCY OF TAX DEPOSIT,FILING FORM NO, FREQUENCY OF FILING OF ALL TYPES OF TAX(DIRECT & INDIRECT)

0 Answers  

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Pls advise if a client pays us - Rs. 3,43,00 after deducting 2% TDS 7000 on 3,50,000/- and our Invoice is Rs. 3,30,000/- then how we pas entry of the difference amount Rs. 20,000/-

1 Answers  

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th point in when will details wil get filled in ER1 2a and 2B?capg

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i have received bill from Catering Service in that they charges VAT and Service tax box.Please clarify wheather it is charge both TAX

2 Answers  

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I paid TDS through the bank a/c. but i entered wrong TAN no. instead of HYDC04387F I ENTERED HYDCO4378F ,and pl. tell me what can i do and how can i change TAN no.

5 Answers   Essar International School,

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on which amount have to issued form C ?, when cash discount is also given in the bill after CST amount as, Sales valve+CST - cash discount.

2 Answers   ABC Bearings,

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Till the Discounted bill is paid by acceptor it remains. 1) A contigent liabilities for the acceptor. 2) A contigent Liabilities for the Drawer. 3) A contigent Liabilities for the bank 4) A contigent Liabilites for drawer

2 Answers  

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