Taxation queries
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 July 2013
I have not understood the concepts of TDS.Its like why its required when a salaried employee pays a tax on his annual income.Is it something like a DEDUCTION on tax amount.Also why is their a need of advance tax concept,cant it be an extra wastage of time like estimating future income or profit and then paying tax on it.After that if it is not so,then claim refund.
Pls help as m bit confused due to this.
Thanks
Pls help as m bit confused due to this.
Thanks
CA Parul Saxena
(Expert)
10 July 2013
Government can not wait until the year ends so it brought the concept of TDS and Advance tax so that funds can be ultilized by the govt.earlier.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Taxation of crypto futures in India Fy 2026- 2027
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
