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.
Recent Threads
- Company Formation for clothing business
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
Related Threads
CAclubindia
