Tds
This query is : Resolved
23 April 2014
plz explain me d concept of TDs in detail..
23 April 2014
TDS is one of the modes of collection of taxes, by which a certain percentage of amounts are deducted by a person at the time of making/crediting certain specific nature of payment to the other person and deducted amount is remitted to the Government account. It is similar to "pay as you earn" scheme also known as Withholding Tax in many other countries, one of the countries is USA. The concept of TDS envisages the principle of "pay as you earn". It facilitates sharing of responsibility of tax collection between the deductor and the tax administration. It ensures regular inflow of cash resources to the Government. It acts as a powerful instrument to prevent tax evasion as well as expands the tax net.
23 April 2014
For TDS rates and due dates check out the file from below link--
https://www.caclubindia.com/forum/21-useful-charts-for-tax-compliance-ay-14-15-251153.asp#.U1f0c_mSy3s
https://www.caclubindia.com/forum/21-useful-charts-for-tax-compliance-ay-14-15-251153.asp#.U1f0c_mSy3s
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