Answer / anchit saxena

tax deduction at source is one of the mode of collection of
income tax. while certain kinds of payment the payer deduct
amount from the payee and deposit with income tax authority
1- tds on bank interest
2- tds on commission or brokerage
3- tds on lottery, horse race incomes etc.

Answer / chitra

Tax deductable at source that means tax amount is deducted
from the tax paid already for the source.

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what is TDS

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