What is TDS?

Answer Posted / amit dadhich bhimsar churu raj

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

"tax deducted at source"

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Hi frnds, can any one tell me how much funds has to be there to convince financially sound during the visa interview and what supporting documents has to be produced. What is backlogs means.....hope the best known will answer.

1565


what is cost accountinp

1753


wHAT ARE EVENTS

1627


Please do tell me about the questions which are asked at BACS FINAL ROUND.

1702


What is fixed liabilities

1556






what is GL Balance

1848


SOUTH ATLANTIC OIL AND GAS INC.is a fraud company

1632


what is Ratio Analysis ?

1821


I've just started to work as an accounts executive and intending to take up SAP. Can anyone tell me what are the preparations required for me as an accountant to be a successful SAP consultant.

1677


what is a Depository Participant?

2590


Short Answer on _________Accounts Receivable

1469


HOW TO CALCULATE ESI,P.F,VAT,I.TAX,EXCISE,C.S.T.REFUND CLAIM, E.T.C. IF YOU KNOW ANY OF THIS PLASE REPLY

8688


What is combination?

1653


how many types of financial teribuanal? what is that?

1537


Plz send me the questions that could be asked in an interview for a Bank Clerical job to suja_aln@yahoo.co.in. Thank you.

1440