Answer Posted / h.r. sreepada bhagi
TDS (Tax Deducted at Source), means deduction of Tax on
certain payments by the person or company at source while
making payment as prescribed by the relevant law of a
country. In some countries it's also called With holding Tax.
The tax so deducted should be remitted to the account of the
concerned Tax department with in the time prescribed in the
concerned law. This is mostly referred to Income Tax
deduction at source.
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