TDS basic

Page no : 3
(Guest)

we are hrining of some private vehicle from local market thereafter the contractor has submitted the bill aginast hrining the vehicle. please adivse the rates for income tax,surcharge and education chages on the said bill so that we can pay to the contractor.


(Guest)
Originally posted by :Srividya Vasudevan
" Pls clarify if TDS is to be deducted on purchase of software (includes supply, installation, commencement and training of software) "


 


(Guest)

any tds tax liability on payment to no-resident company for frieght.


(Guest)

what is it ? how its fillup? giv eme full details of

FORM NO. 13[See rules 28 and 37G]

Application by a person for a certificate under section 197

and/or 206C(9) of the Income-tax Act, 1961, for no

*deduction/collection of tax or *deduction/

collection of tax at a lower rate


Rajneesh (Article student) (30 Points)
Replied 09 September 2009

in case of an employee  Tax is to be deducted  at an average rate which is calculated on the following basis

In the first step the total income of the assessee is to be calculated.

Then Tax on total income should be evaluated

Thereafter by dividing the tax payable with total Income we arrive at average Tax

This rate is to be considered for Tax Deduction while payment of monthly salary and the same is to be deposited to the credit of the Government on behalf ot the employee.

This is just an advance step to collect the tax in advance

 I Feel great even it clarifies single person's doubt. and i regret if am wrong

N my doors r always open for suggestions

 

 



Appu Kurian (Secretary) (22 Points)
Replied 06 November 2009

Dear Sir,

We are a Residents Association and we have bank deposits which earn interest. Can we submit Form 15G to the bank and claim exemption from TDS?


Om Prakash Singh (Account Executive) (30 Points)
Replied 29 April 2011

Dear / Respected Seniors and others 

i m totaly unaware about tds on salary and what is the process of deducet and deposited and filling online returne and  challan , so please share the basic of  TDS on Salary and others proces

 

 


Om Prakash Singh (Account Executive) (30 Points)
Replied 29 April 2011

dear sir

please send me any file about TDS , TDS Rates, Applicable, and nonapplicable, Filling return, deposited challan on line , how it refundable , what is the Forms of Tds So Please send me Link


My Email id is

omtomarbsr @ gmail.com


 


chetan (accountant) (321 Points)
Replied 29 April 2011

Hi friend

If i havent deducted tds on salary on monthly basis. i want to deduct it now ( as on 31st march11) then how i go ahead? it's company liability if company not deducting the tds or not.

 

Originally posted by : Rajneesh
in case of an employee  Tax is to be deducted  at an average rate which is calculated on the following basis
In the first step the total income of the assessee is to be calculated.
Then Tax on total income should be evaluated
Thereafter by dividing the tax payable with total Income we arrive at average Tax
This rate is to be considered for Tax Deduction while payment of monthly salary and the same is to be deposited to the credit of the Government on behalf ot the employee.
This is just an advance step to collect the tax in advance
 I Feel great even it clarifies single person's doubt. and i regret if am wrong
N my doors r always open for suggestions
 
 

shazia imtiaz (Accountant) (21 Points)
Replied 23 June 2012

Hi . what is the proceedure for E-filing of TDS quaterly returns?

 




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