Are income tax and tds are same or different?
As i understand -income tax is deucted at source hence it is called tds. Is it true?
7 Replies
vikas Agarwal
(Article & Ca Final Student)
(125 Points)
Replied 04 October 2011
Yes U R right and Clear Ur Confusion
CA Goutam Sharma
(Chartered Accountant in Practice)
(468 Points)
Replied 04 October 2011
Yes the two things are same indeed.
A thin line of difference is the nature. TDS is of ADVANCE in nature, whether or not your final tax liabilty is nil.
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8311 Points)
Replied 04 October 2011
| Originally posted by : goutam | ||
 |
Yes the two things are same indeed. A thin line of difference is the nature. TDS is of ADVANCE in nature, whether or not your final tax liabilty is nil. |
 |
CA PRAVEEN SINGH
(MANAGER ACCOUNTS)
(2277 Points)
Replied 04 October 2011
Yes the two things are same indeed.
A thin line of difference is the nature. TDS is of ADVANCE in nature, whether or not your final tax liabilty is nil.
agree....
CA Drushti A. Sanchde
(Chartered Accountant)
(203 Points)
Replied 05 October 2011
Agree .............
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