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Tax deducted at source (TDS) is a form of tax collection in India used on income assessments. The tax paid is on earnings for the past year.

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11y ago

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Tds is direct tax or indirect tax?

TDS means Tax Deducted at Source.....deducted by employers usually


What is the meaning of net of regarding contributions for tax purposes?

Net = Amount after tax is deducted (Amount minus tax) Gross = Amount before any tax is deducted


Is Tax Deducted at source applicable on sea or air freight?

no


What is check name for TDS payments?

Tax deducted at Source


What is Tax deducted at sources?

Maybe to make sure it is paid? It refers to any tax that was collected at source...like payroll withholding or tax deducted from an interest payment.


What is tax deducted source journal entry?

Tax deduction at source in respect of share brokerage house


What is the full form of tds in accounting India?

Tax deducted at source


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 longform of TDS?

Tax deducted at source. flying colour provides all business-related solutions for business set up in DUBAI. we provide all types of business solutions to the customers and we try to make their business hussle free. our business-related solutions help the customers to grow their business. for more information please visit us: flyingcolour.net


What does PAYE tax mean?

Pay As You EarnA tax deducted at source by your employee before you get paid. A way for the government to get their tax without having to demand it.


When was TDS introduced as a tax?

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 is the difference between tax deducted at source and income tax?

"Tax deducted at the source" is a method of collecting income tax and a few other taxes.Some taxes such as income tax and FICA taxes are collected from wages, gambling winnings, pensions, and a few other types of payments before the payments are given to the taxpayer. These payments are then credited to the taxpayer's account as payments of income tax, etc.