What is TDS & why it is deducted?

Answer Posted / raja

TDS - MEANS TAX DEDUCTED AT SOURCE

IT IS DEDUCTED FOR THE PAYMENT (SALARY) MADE TO THE EMPLOYEE
BY THE EMPLOYER AND

IT IS DEDUCTED BY THE CO., FOR THE PAYMENT MADE FOR RENT,
ADVERTISEMENT AND TO THE CONTRACTOR'S PAYMENT ETC.

BUT THE MUST PAY THE DEDUCTED AMOUNT TO THE GOVT. AS PER THE
INCOME TAX ACT.

WITHOUT ESCAPING FROM THE TAX PAYMENT GOVT. INTRODUCED THIS.

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the due date for filing monthly & annual sales tax returns in karanataka

3231


What is Accommodation Bill

1883


Expand-------MUR

1639


Expand---------ODMT

2046


why you choose accounting as your career ? ?

1357






For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax

1579


in accounts welding institute which category will come for example 1. recruitment con.pvt ltd. is man power recruit category ,so iwant to welding institute (learning welding and fibrication)

1655


types of inventory

1774


Being BE student why you want to join bank?

1879


Expand ________FIPB

1643


What problems might be encountered if there were no accounting standards?

2464


is it possible that on dealer of work contract can opt composition and non-composition both scheme in dvat?

1594


what did you mean by cash credit limit account ?

2293


Why does one need a broker?

1830


why the RRB'S not lend loans directly to farmers?

1525