CA Final Download the best Free CA FINAL android app for cracking your exam! Download Now
They are the best ca final faculties in India. They have produced many toppers & rank holders. Their video classes are available only here -
CHECK VIDEO CLASSES HERE

All About TDS And Accounts

All About TDS And Accounts :

TDS or Tax Deducted at Source, is a means of indirect tax collection by Indian authorities according to the Income Tax Act, 1961. TDS is managed by the Central Board of Direct taxes (CBDT), which comes under the Indian Revenue Services (IRS).

TDS is collected as a means to keep a stable revenue source for the government throughout the year, while desisting people from avoiding taxes.

How is TDS Deducted?

Income and expenditure such as salary, lotteries, interests from banks, payment of commissions, rent payment, payments to freelancers, etc. fall under the ambit of TDS. When making payments under these segments, a percentage of the overall payment is withheld by the source that is making the payments. This source, which can be a person or an organization, is known as the Deductor. The person whose payment is getting deducted is called the Deductee. For instance, a deductor is the employer paying salary to an employee (the deductee).

Advantages of TDS:

TDS is based on the principle of ‘pay as and when you earn’. TDS is a win-win scenario for both the taxpayers and the government. Tax is deducted when making payments through cash, credit or cheque, which is then deposited with the central agencies.

  • Responsibility sharing for deductor and tax collection agencies.
  • Prevents tax evasion.
  • Widens the tax collection base.
  • Steady source of revenue for the government.
  • Easier for a deductee as tax gets automatically collected and deposited to the credit of the central government.

Scroll Down and Download HandBook On All About TDS And Accounts

Check out the Best Recommended Relevant Books For CA CS CMA Students

Direct taxes law and Practice Dr.Vinod K Singhania/Dr Kapil singhania

Direct tax by Vinod gupta

Direct Tax Summary Module by vinod gupta

TAXATION OF ARTISTES AND SPORTSMEN IN INTERNATIONAL TAX LAW

Author: Michael lang, walter loukota, markus stefaner

Best Recommended and Relevant Video Lectures

DT video classesCA Prasad Bhandari DT video classes
ARPIT GUPTA DT video classes
IDT video classesCA G Saimukundhan DT video classes
CA Rajesh Tayal IDT video classes
Arpit Gupta IDT video classes

 

Tax Laws and Practice video lecturesProf. Abhishek sharma video lectures
Raj k Agrawal
Arpit Gupta video lectures

Recommended Download : Direct Tax Laws For TDS And TCS E-Book Applicable for CA CS CMA

Download Hand Book On All About TDS And Accounts

HandBook On All About TDS And Accounts

 

Get More Direct Tax related Books Scanners and Video Lectures at www.cakart.in

At CAKART www.cakart.in you will get everything that you need to be successful in your CA CS CMA exam – India’s best faculty video classes (online or in pen drive) most popular books of best authors (ebooks hard copies) best scanners and all exam related information and notifications.Visitwww.cakart.in and chat with our counsellors any time. We are happy to help you make successful in your exams.

Leave a comment

Your email address will not be published. Required fields are marked *