Answer Posted / saurabh

TDS (Tax Deducted at source) is the amount which is
deducted by anybody (Individual/Firm/Organisation) who is
having a valid TAN No. and have a valid contract with the
assesse as per the rates defined by the finance ministry
and the amount is being credited in govt. a/c by the tax
deductor and issue a TDS certifiacte to the assesse

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