TDS

Sumit Singhal (Querist) 31 January 2010 This query is : Resolved
What is TDS & What is Use TDS in Business.

Follow Query

Report Abuse

Guest (Expert) 31 January 2010
NANDKUMAR B.SAWANT.M.COM.LL.B.(MUMBAI),ADVOCATE
MOBILE.09271971251
e.mail.adv.nbsawant@yahoo.co.in
e.mail.nandkumarbs@sify.com

REGARDING TDS KINDLY NOTE THAT
1.TDS MEANS TAX DEDUCTED AT SOURCE.IT IS A TERM USED IN INCOME TAX ACT.
2.ALL TAX PAYERS AND BUSINESS MAN ARE WELL AWARE OF THIS TERM.TDS CERTIFICATE IS GIVEN BY THE PAYER OF ANY AMOUNT TO THE PERSON FROM WHOSE DUES TAX IS DEDUCTED AT SOURCE.
IN CASE ANY FURTHER INFORMATION IS REQUIRED KINDLY SEND DETAILS.
WITH BEST REGARDS TO ALL
THANKING YOU
YOURS SINCERELY
NANDKUMAR B.SAWANT.M.COM.LL.B.(MUMBAI),ADVOCATE

Adv.Shine Thomas (Expert) 31 January 2010
Please refer sec.40(a)(ia),194A,194C,194J & 194H of income Tax Act.

Raj Kumar Makkad (Expert) 31 January 2010
I do agree with Nandkumar

Sachin Bhatia (Expert) 31 January 2010
TDS fullname is Tax Deduction at Soucre it means where the income accured there it should be deducted its just like advance Tax deductee will take benifit of TDS if their income is less than TDS .

Kumar Thadhani (Expert) 01 February 2010
In Incometax parlance TDS MEANS Tax Deducted at source from the income accrues and it is payer of the income responsible for deducting the tax which varies and according to the rates provided under Section 192 to section 196 of the Incometax ACT1961 non deduction of tax means imposing of penalties and prosceution. It is just paying tax in advance like advance tax payable by the person/s on the agreegate incomefor the current and financial year.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries