Tds

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vijaykumar (Querist)
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30 June 2014 wht is the meaning tds and i dont knw which r the quarter month to submit the tds please give me information on this...

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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30 June 2014 tds means tax is deducted at source.

suppose u take fixed deposit and bank pays u int for 12,000 p.a then bank will deduct tds on this amount.

Rupesh Jain

Rupesh Jain (Expert)
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01 July 2014 tds mean tax which deduct on payment made to any person and deduct the tax as per the incometax act.
like on intt if you pay exceeds Rs. 5000/- in a year then you jave tot deduct the TDS @ 10% u/s 194A.

if you are partnership firm, Company the you have to deduct the TDs or if your are prop/HUF liable to take audit u/s 44AB then you have to deduct the tds in next F. Year.

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