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what is actual meaning of Tax Deduction at source
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Answer Posted / k. srinivasa rao
TDS is to be deducted and to be paid to the central
government on behalf of who receives any amount i.e
consultancy, contract income, rent or any under the head
prescribed by the government.
TDS is applicable if the payment is exceeds (one time
payment) Rs. 20,000/- or Rs. 50,000/- p.a during the year.
tds to be deducted as prescribed rates.
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