Tax Deduction Source?

Tax Deduction Source?
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1 Answer

Answer :

TDS, collecting of income tax. It is a type of direct tax deduction by a person making payments. A person making the payments after charging TDS is called the Deductor while a person receiving payment is called Deductee. The Deductor is responsible for deducting TDS. TDS is in line with "pay as you earn" scheme known as Withholding Tax.
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