Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / amitagrawal
Tds means tax deducted at source.
It means tax is deducted by payer at the time of making
payment to payee.
For example Life insurance corporation of india while
paying commission to its agents then it will deduct some
percentage of tax out of their claim. and LIC will deposit
this to the government.
There are different rates of TDS depending on the type of
payments.
ex. Commission, interest, winnings from lottery etc.,
interest on securities etc.
| Is This Answer Correct ? | 8 Yes | 0 No |
Post New Answer View All Answers
What is capital adequacy ratio? What is demat account?
Define depreciation and its types?
our cheque to Arshad Khan was dishonored?
How can I put Bank Guarantee Receipt entry in Tally ERP9?
what is the meaning of 4X and 10X value in intraday market?
salary and rent entry with tds deduct
what is valuation code and valuation modifier in sap fico
over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured
Tell me how you can adjust entries into account?
Sold goods to Gasha 600 by cash
How Many Accounting Principale
What is project implementation?
When we received payment from creditors
describe any accounting process that you have developed or revised
Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
