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Well, honey, TDS, or Tax Deducted at Source, was introduced in India back in 2005 as a way to collect tax at the source of income generation. So, if you're wondering when it first made its grand entrance, well, there you have it, 2005. Hope that clears things up for you, darling.
What else can I help you with?
What is the difference between TDS and service tax?
TDS is Tax Deduction at Source which is deducted from the service holder/ consultant during payment. At present, TDS is 10.1%. Service tax is a tax payable on the service provided by the service provider, at present it is at 12.36%
Is TDS a Direct Tax or Indirect Tax?
According to me tds is indirect tax because the concept of indirect tax is the tax is implement on that person is not liable to pay tax its burden is transfer to another person and who is liable to pay ta
What is check name for TDS payments?
Tax deducted at Source
What is tds in bank?
TDS Stands for Tax Deducted at Source. Banks usually deduct TDS when the interest they give to their customers against their deposits crosses a certain amount. The interest is considered an Income and has to be included in your net annual income while you file your income tax returns. If your interest is more than Rs. 10000 in a year, the bank themselves can deduct TDS and remit it to the Income Tax Department.
What is the full form of tds in accounting India?
Tax deducted at source
Tds is direct tax or indirect tax?
TDS means Tax Deducted at Source.....deducted by employers usually
What is the meaning of vat tds service tax excise?
Tds means TAX DEDUCTIONS AT SOURCE
What is the difference between TDS and service tax?
TDS is Tax Deduction at Source which is deducted from the service holder/ consultant during payment. At present, TDS is 10.1%. Service tax is a tax payable on the service provided by the service provider, at present it is at 12.36%
Is TDS a direct tax or an indirect tax?
TDS means tax deducted at source. It is employer's duty to deduct tax at source otherwise govt. may take action. It is a direct tax.
What is the rate of tds?
TDS Means Tax Deduction At Source .... Tax is the applicable Rate is to be deducted from the salary from the employee at the time of paying/ crediting the salary.... TDS rate is Depending on Basic amount ...
Is TDS a Direct Tax or Indirect Tax?
According to me tds is indirect tax because the concept of indirect tax is the tax is implement on that person is not liable to pay tax its burden is transfer to another person and who is liable to pay ta
What is the method of calculation TDS in salary?
Tds deducated on basic amount only not on service tax
Hindi what is tds?
TDS stands for Tax Deducted at Source. It is a type of tax that is deducted by an individual or an organization while making payments such as salary, rent, commission, etc. and is deposited with the government on behalf of the taxpayer.
Complete information about TDS?
TDS, or Tax Deducted at Source, is a tax collection mechanism in India where a certain percentage of tax is deducted from payments made to individuals or entities at the time of transaction. It applies to various income sources, including salaries, interest, rent, and professional fees, and the deducted amount is submitted to the government. The rates and provisions for TDS are governed by the Income Tax Act, and taxpayers can claim credit for the TDS deducted against their total tax liability. Failure to comply with TDS regulations can result in penalties and interest charges.
What is a cheque name for tds?
Your self Income Tax
How many taxes are there in India?
service tax , income tax, sales tax, tds tax, excise tax & other taxes
What is check name for TDS payments?
Tax deducted at Source
