Chanda Interview Questions and Answers

TDS rates for F.Y 2017-18 varied based on the type of income and the recipient.

• TDS rate for salary income ranged from 5% to 30% depending on the income slab.

• TDS rate for interest income was 10% for individuals and 20% for companies.

• TDS rate for rent income was 10% for individuals and 2% for HUFs and 10% for others.

• TDS rate for professional fees was 10% for individuals and 10% for companies.

• TDS rate for commission incom

The due date of return refers to the deadline by which a tax return must be filed with the relevant tax authority.

• The due date of return varies depending on the type of tax return and the jurisdiction in which it is being filed.

• For individual income tax returns in the United States, the due date is typically April 15th.

• For corporate tax returns, the due date may vary based on the fiscal year end of the company.

• Extensio...read more