What is TDS
Answer Posted / jahnavi koganti
tds stands for tax deducted at source.
person liable to deduct tax are assessees who are employers.
The tax is deducted by the employer and is remitted to the
government before the employee receives the salary.The rates
of tax are according to rates mentioned in partIII of the
finance act.
the responsibility of deduction of tax falls on the
employer,if not deducted he is liable to pay interest for
the period delayed.The employee may be a resident or a
non-resident.
In foreign countries this kind of tax remitted at source
is called withholding tax.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
EXPAND_________TOEFEL
what is dividend? how do the use an accountancy?
HOW CALCULATE ADVANCE TAX ? PLEASE EXPLAIN IT ?IN CASE OF FIRM, IF WE PAID FIRST INSTALMENT OF ADVANCE TAX.
can you define exogenity endogenity both terms are from economics both are different from exogenous & endogenous variables. I can not find the answers. please help if you can....
For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax
what is accounting in automobile
What is the basic difference between pledge, hypothication and mortgage????
My BASIC Salary is 18,000
Classify bank account, stock of stationary account, returns inward account ou$tstanding rent account and capital account into real, personal and nominal account.
a) What are the Golden Rules of Accounting? What are the 14 Principles of Accounting
what is dieerence between capital cpapital structure
Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
What is SOX
Expand------------STRA
let me know the minimum Accounting Heads in an accounting system