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Querist : Anonymous

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Querist : Anonymous (Querist)
10 April 2010 Hello sir this is recently joined a company in accountant
i want

1. What is sales tax ? how to paid this?

2. what is the TDS ? How to pay this / and how many times sir plz

give the information sir
From

Hyderabad
pbsubrahmanyam@gmail.com

plz sended the answers this email ID pbsubrahmanyam@gmail.com
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
10 April 2010 Sales tax is the tax which you need to charge on the sales of your product and collect from the buyer -presently this is VAT based you need to calculate the VAT on your sales and VAT on your purchase =First case is called Output VAT and vat on purchase is called input VAT the differecne of the between to is payable/receivable

TDS(Tax Deducted at source) is the Income tax deduction from the payment & expenses paid by you to other parties based on the rate specifed and it is payable 7th of the every month (for the previous month deductions)
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