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Answer Posted / y k srinivas
The Abbreviation for TDS is Tax deducted at source
TDS arises only when we were utlising the services of
others. for eg: Security services,Professional Services
The rate of TDS will be different according to the nature
of the service. I can say TDS will be deducted for
Security Service on a parameter of Registered Company/Non
Registered Company. Generally for Registered Company 2 %
will be deducted and 1% will be deducted for Non Registered
Companies.
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