What is TDS? Please explain rate of TDS.

Answer Posted / anoop.m

TDS MEANS TAX DEDUCTED AT SOURCES. THAT MEANS TAX SHOULD BE
DEDUCTED ON THE INCOME OF THE ASSEASSEE AT THE TIME OF
PAYMENT OR AT THE TIME OF CREDIT WHICH EVER IS EARLIER.
IF THE PARTY IS REGISTERED THEN APPLY 2%, IF THE PARTY IS NO REGISTERED PARTY THEN APPLY 1%.

Is This Answer Correct ?    7 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How should the personal assets of a salaried employee be shown in his books of accounts ?

1214


Hi, I am working in MNC, I Want to Know about TDS. What is Deposit date of TDS for all categaries & Which challan or Form What is date of Submit tds return quarterly for in a Company & Which form fill up

1681


What are the treatment & implications if party doesn't provide C Form in interstate sales transactions & also same if provide C Form.

1397


While I prepare Form JJ for goods transfer I made a mistake that the value of goods is morethan the actual value(i.e. instead of Rs.92100/- I filed Rs.1354000/-)and the copy of JJ sheet is sealed in the checkpost one copy is taken in the checkpost. please anybody give me the exact solution. thanks

2066


what is the difference between captive consumption and cenvat in tally erp9 and when we have to use it

1842






assessee is a developer. menthod of accounting- mercantile. he sold a flat to party , registration has been done in financial year 2012-13. but he has taken the sale next financial year on the ground that one cheque has been credited in the next financial year. can the assessee's claim can be considered for taxation purpose

1186


Apply for TDS certificate in bank for rent purpose is wrongly entry as 94C instead of 94I. Is any problem?

1362


Any body tell me about VAT (Karnataka)shortly because, iam reading vat book but iam not able to understand that. if any body tell me shortly about karnataka vat, retursn, tax collectng, tax payment, CENVAT utilizing etc. pleseeeeee

2155


I have working with Rs.180000/- I want fill up itr 1st time What is process.

1726


What are the types of provident funds?

675


can i adusted our vat credit in W.C.T. payable?

3174


Can it be prssible, If any person purchase Reliance life insurance policy with nepal residence address profe. If yes then who can deposit nepal curancy in indian branch.

1558


How many types of vat categoryplease tell me all type of vat categories..............

1763


what is the prime cost? and factory cost how to calculate it?

1619


how we can access the Tax Deduction through PAN ?.

1546