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Answer Posted / dm
TDS is Tax deduction at source.
There are some provisions in the income tax laws about the
pre deduction of tax out of the payments made to
contractors, Consultants, Lawyers, Employees, Lenders,
Owners of property etc.
After deduction from payment, deductor has to pay it to the
govt. treasury on due time provided in the legislation.
| Is This Answer Correct ? | 126 Yes | 13 No |
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