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Wat is TDS?give full information on that topic.

Question Posted / jitender sharma

Answer Posted / jitender sharma

TDS is an Direct Tax because it is charged on our income or wealth. It is deduct by the payee or the person who paid the expenses. And every person is not eligible to deduct TDS. The govt. had decide the bench mark for that.
If any Business's turnover exceeds the amount Rs.60,00,000. and if the person involves in any profession then its total Receipts must exceeds Rs.15,00,000.
The person comes in this criteria must deduct TDS and paid to the Govt.

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