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Compliance GST TDS INCOME TAX
Please explain in brief what are GST and TDS and Income tax related compliances?
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Goods anx aervices tax is gst. It is a tax rate levied on purchases and sales. Tds is tax deducted at source of income. Input gst and tds are current assets while output gst is a current liability
GST is on sale and purchase of goods and service.
TDS = tax deducted while making certain payments to parties. tax submitted on behalf of other parties to income tax
income tax = tax assessment own income like house rent, businesses etc
TDS = tax deducted while making certain payments to parties. tax submitted on behalf of other parties to income tax
income tax = tax assessment own income like house rent, businesses etc
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