Answer Posted / shaki
TDS is Tax Deduction at Source
Assessee pays tax in the assessment year on the income
earned in previous year . Due to this rule the tax
collection is delayed till the completion of the previous
year . Even some times people conceal their income and the
tax is mot paid at all . In order to overcome these
problems, government started deducting some amount of tax
from the amount . Whichis receivable by the assessee .The
amount of tax so deduvted is called as "Tax Deducted at
Source".
It is one of the methoding of Collecting Tax.
| Is This Answer Correct ? | 8 Yes | 0 No |
Post New Answer View All Answers
What do you mean Business
I work in a semi govt society. We purchased a flag for celebrating independence day in office premises . Plz tell me under what head / ledger of exp it comes
My BASIC Salary is 18,000
What are the types of journal categories available in the Oracle AP?
Expand---------MDOT
I have been interview in next week my posting is accounts officer i have be manage with AP,AR,BRS and GL what Books i have read.
Can anybody tell me how much salary m show in my resume for expection for the next job m graduate 2year accounts experience?
What is Split And buy-back?
all of interview question about coop bank of oromia
how many types of financial teribuanal? what is that?
duties of bank finance manager
What is Acquisition?
how to entry in tally for other person check received
Reserve Capital and Reserve Capital
what is OTC derivatives and Depository Trust & Clearing Corporation (DTCC) ?
