Answer Posted / swatinerkar

TDS is a direct tax & VAT is a indirect tax.
DS is any amount paid by way of
salary,fees,commission,Rent,interest,etc is taxed at the
time of payment by the sourceThis is referred as tax
deducted at source.
VAT is the tax levied to the material in the process of
making the final good or product.Sine tax is levied only on
the value added to the product and not on the whole
material. It is referred to as Value Added tax.
TDS is a direct tax,whereas VAT is an indirect tax.
Some goods are exempted to VAT but there is no exemption to
TDS

the TDS rates and Income rates are equal in calculation of the salary and please send the IT slab rates for the employees and comapnies.

2150

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Hi, Is there limit of applicablity of excise payment for any orgnization...?? what is date of excise payment..?? Excise return date & what procedure & how to take benifit availing service tax in excise return..? What form reuire for Excise Return..??

3788

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1. Why some companies are not deducting the TDS or WCT on their clients Invoice.,? 2. How companies are getting exemption from Deduction TDS or WCT. ?. 3. What are the procedure for not to deduct the TDS or WCT on client invoice while making payment for their Invoice.?.

2677

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sir, can you give me clarification briefly how to capitalized and which one capitalized

2139

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accounting taxation

1827

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We are Interior Decorators in Chennai,Tamilnadu. I would like to know the vat applicable for us 14.5% or 5%. We supply the material and do the works at the sites itself.

2613

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CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?

2381

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What is the eligibility criteria of C-Form(Manufacturing goods of borewell bits, Hammers, Drilling Tools and Air compressors, etc..). If such company will purchase safety shoes, buyer can eligible to issue C-Form?

5678

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Define deferred tax liability? What items come under deferred tax liability?

1169

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How to working service tax in excel sheet?

2393

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What is the commitment to the bankers against L/C ? They need any colletral Security or any deposit ? What is terms & conditions of L/c?

2471

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procedure to get Raw Material free of excise duty under Central Excise Act,

1961

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i want know central excise duty codes with cess?

2721

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What is the difference between excise & service tax?

1152

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where is applicable WCT & what is limitation for applicable it on company.

1868

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