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What is TDS
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Answer Posted / sunil bankar
TDS( Tax Deducted at Source ): TDS is one on the mode of
collection Income Tax. While making certain kinds of
payment, the payer deducts Income Tax from the payee &
deposits with Income Tax authority. The payer
(Deducter),later on issues a certificate to the payee
(Deductee),in respect of deduction of deposits to the
Govt.. The TDS certificate is then treated as advance
payment of Income Tax by the Deductee.
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