Interested to Buy Any Domain ? << Click Here >> for more details...
What is the difference between Advance Tax and TDS?
- 17 Answers
- 70268 Views
- Godrej, Reliance, I also Faced
- E-Mail Answers
Answer Posted / r.srinivasa bhat
Advance tax is the tax payable on 15th of June, September, December and March on the self assessed estimated income based on the income of the previous financial year and the income over & above the same for the respective financial year in which advance tax is paid.
Where as TDS is payable by the third party viz.employer or a person/company/ Institution by recovering the amount at the applicable rate from the amount paid to the beneficiary towards the remuneration for services rendered and other payments like interest on deposits, rent on hired premises, salary, pension etc...
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
My Question is regarding WCT. During an audit of a company, i saw a contractor consolidated invoice for installation at site in which it shows labour charges and goods supply separately and no service tax and vat is charged. The company pay the whole amount to contractor after deducting TDS. my question is whether WCT also deducted? if deducted at which rate if company in gurgaon?
WHAT IS TDS?SHOULD WE FILE TDS TO PURCHASE A THING .SHOULD WE PAY BOTH TDS &TCS FOR THE SAME THING
We don't have PT, s.tax registration. Our firm is 7 years old. If we want to register, what should we do? Any body can help.
Is sales against H Form Either in Punjab or out of Punjab treated as Zero rated sales in vat 15 form in Window showing as Break up of Zero rated sales: Direct export out of country; Sales against H Forms Or it is treated as seprate
What is the current vat amount of aluminium goods like dishes, buckets etc hsn code is 7615-19
how to finalaze the balence process using tally
What is RITC under UP VAT. and How it is calculated.
what is the rule of TDS Deduction for Pvt Ltd Company ??? And What rule of not TDS Deduct for PVT LTD company ???
what is procedure to get c form? what is procees to get vat /tin no
please tel me Karnataka vat,sale tax deposit from and return from
What items come under deferred tax liability?
Please advise where to enter Income tax paid to Govt. in tally and on which head account to be created///
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 ?
we are the manufacture of leather shoes, we send the shoe sample to some parties , can it we shown in RG1 Register , if shown then , where ? if not then why ?
IF I RECD ANY BILL TOWARDS PRINTING OF FORMS, VOUCHERS AND ON SAME VAT IS CHARGED 5%, IS TDS IS ALSO APPLICABLE FOR THE SAME.
