Interested to Buy Any Domain ? << Click Here >> for more details...
what is withholding tax
- 3 Answers
- 9201 Views
- Meru Cabs, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Withholding tax is the amount withheld by the party making
a payment to another (payee) and paid to the taxation
authorities. The amount the payer deducts may vary,
depending on the nature of the product or service being
paid for. The payee is assessed on the gross amount, and
the tax to be withheld (the withholding tax) is computed in
that assessment. The purpose of withholding tax is to
facilitate or accelerate collection, by collecting tax from
payers rather than a much greater number of payees, and by
collecting tax from payers within the jurisdiction rather
than payees who may be outside the jurisdiction. It may
also be used to counteract tax evasion and tax avoidance.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / s.sridhar
Deduction Under Section 194 of Income Tax Act.
In simple terms, TDS is the tax getting deducted from the
person receiving the amount (Employee/Deductee) by the
person paying such amount (Employer/Deductor).
Take example as for Salaried employees Form 16 and for
Consultants Form 16A.
| Is This Answer Correct ? | 2 Yes | 0 No |
If cheque issued for 1400/- and recorded as 1900/- how do we rectify this error.
what are the processes of account reconcillation
what is the accounting term of bank reconcilation? explain me
Tell me what are the three factors that can affect your cash flow and business profitability?
Wages posted twice what is the entry for that?
What do you mean by Debit and Credit?
i am indrani,iam siting for a/c assistance post of muthoot finance..so my question is what kind of question they may ask related to a/c or finance?or other than subject what question can be asked like why do u want to join this co etc.. ?
what is accounting concept? explian in brief?
9 Answers Capital IQ, Hero Honda,
is mba finance related with accounts
whether allowances will be included in calculating esi from gross salary
i am normally accountant. i am not a CA. then i learn a account maintain
0 Answers Airtel, State Bank of Mysore SBM,
we received from chq from particular firm.how to make entry in tally9.0? And Particular firm under which group.(Sundry debtor or sundry creditor?
Audit 
