Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is tcs

Answer Posted / hemant

TCS :- Tax Collection on Source whenever we take any types
of service like contractor we have to deduct the tax on
bill amount as per rate
then we issue the certificate to suppliers so that he can
take the benifit of that at a time of income tax in refund
amount

Is This Answer Correct ?    4 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How can I Proceed to my client regarding Advertisement Bill as we are dealing in advertising agency and also clear us can we deduct TDS on their bill? For Example we receive a bill from The Sandesh Ltd. of Rs. 50000/- and they do not mention service tax in the bill. So, Kindly provide the Guidelines regarding This Problem.

2114


WHAT IS EXECUTION OF WORKS CONTRACT ?

2115


if cst sales and purchase is completed and we issue c form and received c form also.but in next month both sales and purchase are return. my question is how to pass reverse entry when c forms issue/receive. how it cst return also.

3035


HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,

2653


how will one calculate TDS when the bill is with service tax (SAY an AMC bill ) and what treatment will be there when it is a rent bill with service tax. is there any rules in income tax as to deduct double taxation?? pls help with rules sir

2045


How to calculate the TDS

2422


how to calculate service tax on tds

2389


The Depreciation Rate for Heavy Equipments like cranes (used in the construction of bridges, flyovers etc ... ) is 30% as per the companies act. If i buy a crane for Rs. 10 Lakh and claim depreciation the cost of the crane in the 2nd year is 7 Lakh and in the 3rd year it is 4.9 Lakh and in the 4th year it is 3.4 Lakh ...... Can i re-value the crane in the 5th year to the 2nd hand market price of Rs. 20 Lakh and claim depreciation on it @ 30% ? (Cost of crane in 6th Year now is 20 Lakh - 6 Lakh = 14 Lakh )

20681


What are all include taxation...? What is to be noted in the taxation...? Hints would be highly appreciated.

1868


what is limit of form "16" or "31",c-form & form "11" or 3b during the issued on one time.

3421


please tell me friends what are the formats of excise return and vat return?

2200


what is the detail procedure to filling ITR-I,ITR-II AND ITR- 1V V1 IE e-filling procedure

2170


define double entry bookkeeping

2341


1. Defination of Contractor & sub contractor 2. In cash method of accounting can we claim TDS deducted on Advance Recevied from contractee.

2299


When & how vat audit takes Place in haryana. Is Scrutiny & vat audit is same?

4101