What is tds and who is liable to deduct tds

Answer Posted / ashok verma

ONLY HOLDING TAN DOES NOT MEAN THAT THE PERSON (INDIVIDUAL)
HAS TO DEDUCT TAX ALWAYS. IN THE CASE OF INDIVIDUAL WHOSE
CASE SECTION 44AB APLIES ARE ONLY LIABLE TO DEDUCT THE TAX.

Is This Answer Correct ?    19 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

I have doubt on Input VAT & Output VAT (incoming vat / outgoing vat) I have a HMS software, where we have interface to tally erp. When we import the transactions to Tally from HMS (Hospital Management System) All the purchases what we do for a period, the tax paid on these purchase are showing as out going vat. Similarly when we do the sales of those purchased items through HMS, tax collected from customer is showing as incoming vat. Is these are correct terms what they had mentioned in HMS? Please help me out.

5511


plzzzzzz help me friend my question is, is the tds of part of income tax and when it deduct from salary and why becose tds is deduct only secoundry primary income like lotory etc..

1685


what is the case assesment of sales tax and vat.What is the proof of this case assesment.why we use the challan-c...???? Plz tell me someone...???

1799


WHAT WOULD BE THE RATE OF DEPRECIATION OF RAILWAY SIDING AT STRAIGHT LINE METHOD UNDER COMPANIES ACT?

3645


how many sale tax charged on the billing for central dealer by uttar pradesh dealer at furniture items ? & how many sale tax charged for u.p. dealer by up dealer ?

1748






is there in india the rate of work contract are same in all states if now what are the statewise rate

1730


How to file the CST return and which form is use.

1337


WHAT IS THE PORVISION OF INCOME TAX & SELF ASSESSMENT TAX AFTER AUDIT IN PVT LTD CO & LTD CO , PLEASE GIEVE ANSWER IN DETAIL WITH ENTERY TO MY E-MAIL ADDRESSS

1773


who will able to deduct the tds

5338


What is turnover limit for Auditing of Service Tax, VAT, Income Tax, Provident Fund, P. Tax and WCT? Please mail me at gautam_ch2 @ rediffmail.com or call me at 09831707812.

2916


I am working in footwear company at Himachal Pradesh. we want to send raw material - (leather) for Job work our other branch. now my question is that will have we any permission taken from excise & sale tax deppt.

4386


what is the entry tax explain briefly?

1795


sir, can you give me clarification briefly how to capitalized and which one capitalized

1723


interest paid to bank rs. 15000 in connection with overdraft obtained for paying dividend.

4037


if the goods are purchased against H Form, is there any specified time limit winthin which they should be exported?; if yes then wat is that limit?

4702