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What is TDS? Please explain rate of TDS.
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Answer Posted / anoop.m
TDS MEANS TAX DEDUCTED AT SOURCES. THAT MEANS TAX SHOULD BE
DEDUCTED ON THE INCOME OF THE ASSEASSEE AT THE TIME OF
PAYMENT OR AT THE TIME OF CREDIT WHICH EVER IS EARLIER.
IF THE PARTY IS REGISTERED THEN APPLY 2%, IF THE PARTY IS NO REGISTERED PARTY THEN APPLY 1%.
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