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T D S WhY?

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29 June 2009 Why we deduct TDS?
Who deducts it?
How is it deducted?
On what it is deducted?
For what it is deducted?
when it is deducted?
Wat entry is passed then?


30 June 2009 1. Becz it is mandatory on ncertain payments to provide funds to govt for spending.
2. Generally payer deducts it.
3. it is deducted at a specific rate from payment.
4 on certain payments.
6. generally payment or credit whichever is earlier.



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