T R Chadha & Co Llp Taxation Executive Interview Questions and Answers

Advance tax is the tax paid in advance on estimated income for the current financial year. TDS is tax deducted at source.

• Advance tax is paid in installments throughout the year.

• It is applicable to individuals, companies, and firms.

• TDS is deducted by the payer at the time of making payment.

• It is applicable to various types of payments such as salary, rent, and professional fees.

• TDS rates vary depending on the nature of ...read more