What is a Withholding tax? In a interview in a MNC, they ask me what is Withholding Tax. Plz clarify the details about this.
Menu
Withholding tax
Replies (4)
It's nothing but TDS
As per Income Tax act Employer deduct TDS of employee while making payment through out the financial year that is called Withholding Tax
We in India use word TDS(Tax deduct at source ) , however in some countries they use word " Withholding Tax "
TDS & TCS both are called withholding tax
Withholding tax is a tax deducted at source, especially one levied by some countries on interest or dividends paid to a person resident outside that country.
Summarize this with AI
Recent Threads
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
- Invoice related audit
- Gst input credit related
- Updated ITR as missed the dead line
Related Threads
CAclubindia
