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What is the difference between Advance Tax and TDS?
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Answer Posted / vedhavyas g kotekar
Advance Tax is the Tax which Company makes the payment on
the basic of Estimated profit this is compulsory to made
the payment September, December and March 08.
But TDS - Tax Deducted at Source, this is deducted from
service render to the company i.e, Labour Bill,
Professional Bills and Salary of Employees this payment has
to made on as and when deducted e.g, if we deducted from
Rs. 1050/- TDS from XYZ on September 2008 this payment as
to made on or before 05th October 2008
| Is This Answer Correct ? | 4 Yes | 6 No |
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