Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / anjana sehgal
The basic purpose behind deduction of tax at source is that
there are various payments which are in the nature of
incomes of the person receiving the amount but because when
tds was not in operation these receipt of incomes was
somehow concealed by receiver of income just to evade the
payment of income tax but deduction of tax at source makes
it possible for the department to control all the payments
which are in the nature of income of the receiver & hence
making them liable to show the receipt while calculating
their income tax liability. And accordingly their tax is
calculated.
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
Tell me what is reversing journal entries?
Tell me what is “deposit in transit”?
What are the 4 types of ppe?
Can you differentiate accounting and auditing?
Explain me where a cash discount should be recorded in journal entry?
Define partitioning in accounting?
What are negative postings?What are Credit memos ?Payment Requests ?
HOW CAN WE CONVERT IN CFT TO A ROUND LOG??
What Is Differ tax,
A non-function currency claim:- Employee while updating a non functional currency claim the system uses the period end rate i.e. any claim pertaining to the period 01Aug - 25th Aug. the system uses the period end rate as of July 31st. (2) Also, what is the basis of using the period end rate not the average rate for expenses claim. Can you please clarify my question.
what accounts payable applications are your familiar with?
what are cost accounting and its applications?
explain circumstances under which dissolution of solvent and insolvent partners are applicable using garners v/s murray rule
i am normally accountant. i am not a CA. then i learn a account maintain
Tell me how you can adjust entries into account?
