YAX DEDUCTED AT SOURCE
Abhishek Kanth (career) (117 Points)
18 November 2017
how TDS is an example of direct tax
6 Replies
(Guest)
because amount of tds based on your income.
if your salary is higher then your tds will be higher.
in cases of indirect taxes, taxes are levied irrespective of your income.
for example if you purchase some products then GST charged on cost of such product irrespective of your income.
amount of GST will same even your income is nil.
if your salary is higher then your tds will be higher.
in cases of indirect taxes, taxes are levied irrespective of your income.
for example if you purchase some products then GST charged on cost of such product irrespective of your income.
amount of GST will same even your income is nil.
Abhishek Kanth
(career)
(117 Points)
Replied 18 November 2017
Sir can you please tell that how the amount of tds is varies with income with example
Rahul Chhabadia
(168 Points)
Replied 20 November 2017
Income tax is direct tax
When we receive income from others they deduct TDS (if applicable, u/s 44ab)
Instead of giving us gross amt. they give us net amt. so its like taxing our income at source
NOT sure
When we receive income from others they deduct TDS (if applicable, u/s 44ab)
Instead of giving us gross amt. they give us net amt. so its like taxing our income at source
NOT sure
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