What Is TDS?

What are the steps to betaken for getting TDS Certificate?

  • Prceedures to be followed ,for getting TDS certificate ,I am a manufacturer ,i have deducted TDS out of the payment made to contractors etc.How i will pay that amount to govt.,and after paying ,how i will get the TDS Certificate thta i have supposed to give to my clienT,also for what all the amount TDS applicable in the case of manufacturing concern,also what is the time limit of payment and How can i file the return of TDS and what is the time limit for the same. Any body reply.

  • Answer:

    you should apply for TAN No. (Like PAN).consult your CA/Consultant for more details.

shiju p at Yahoo! Answers Visit the source

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Other answers

Trust U wud hv accounted the TDS deductions made by U and Yr clients seperately. If so, after the deductions made by U and p[aid in to the Bank periodically U wud hv obtained counterfoil chellans and U hv to furnish in Form 16 ( its available in leading stores) It provides U all the colomuns whatare the datas Uare suppose to provide and Uhv to do the needful. Its in vice versa in case where U hv to colect from yr clients.

narasimhan v

TAN Certificate should be obtained from the Department by making an application along with a copy of your pan card and other details. The amount deducted as TDS should be deposited by quoting your TAN number. You have a different challan and can fill up a copy and report or submit it to the concerned jurisdictional officer and obtain an acknowledgment. There is a prescribed form, through which, the Certificate should be issued to the person or the firm, from which, the tax was deducted and paid. There is no time limit for the payment of tax,thus collected. It should be paid within the mandatory period, allowed by the Income Tax Department. Please contact the PRO Income tax department and the officer will appraise you. If you cannot contact, Consult a Chartered Accountant for assistance for a fee.

emce

You don't need to get TDS certificate from any body. TDS certificate is a form specified by income tax dept which is Form 16A. You need to take printout of this form which is available on incometaxindia.gov.in and fill the details and give it to the persons of whom you have deducted the tds. Though you are asking a very broad question regarding TDS. TDS is a very tedious process and its answer cannot be given in short.

Amit M

1. You deposit the money in a bank for Govt Income Tax A/c. 2. you file quarterly TDS return. 3. You issue your own Form 16A to customers. Read this http://mytaxes.in/index.php?topic=8.0

Jss

all about tds is given in the link please read it and download it from the link http://simpletaxindia.blogspot.com/2008/06/tds-provisions-in-brief.html

Rajababu

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