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Answer Posted / ameet narayankhedkar
TDS is the amount of tax getting deducted from the person
(Employee/Deductee) by the person paying (Employer/Deductor).
National Securities Depository Ltd. (NSDL) after having
modernised the settlement system in the Indian Capital Market
by pioneering scripless settlement is now in the process of
establishing a nationwide Tax Information Network (TIN) on
behalf of the Income Tax Department (ITD). This is designed to
make the tax administration more effective, furnishing of
returns convenient, reduce compliance cost and bring greater
transparency.
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