Interview Questions Answers in Taxation

sarvesh mani tiwari

{ City } faizabad
< Country > india
* Profession * accounts officer
User No # 19426

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Question { Godrej, 69095 }

What is the difference between Advance Tax and TDS?

Answer

Advance Tax paid on tax own estimated income for the next
AY in four qtr as % specified on estimated income where tax
liability is more than Rs 5000.00 however tds is deduted on
certain nature pmt to other as rate specifed.

Is This Answer Correct ?

7 Yes

5 No