What Do U Mean By Tds
Answer / nandakishore ambati
Tax on income of previous year is usually made on the
assessment year. To avoid tax evasion, the Income Tax Act
has made provision to collect tax by way of Tax Deduction at
Source (TDS) and Tax Collection at Source (TCS).
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Does the tax liability of an individual get affected due to his residential status? If yes, explain.
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