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what is the diffrence between tds and vat?
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Answer Posted / aishwarya...
VAT is basically an indirect tax which is lieved at every level of production and distribution of goods in the home market.It is added as a percentage charge based on assessable value that is added by the value additions done by each dealer.
TDS is one of the modes of collecting Income Tax from the assessees.Such collection of tax is effected at the source when income arises or accrues.
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