Question

Write short note on tax deducted at source.

Answer 1

Tax Deducted at Source (TDS) is ameans of collecting income tax in India, under the Indian Income Tax Act of 1961. Any payment covered under these provisions shall be paid afterdeducting prescribed percentage. ... Returns states the TDS deducted & paid to government during the Quarter to which it relates.

Answer 2

Tax deducted at source TDS is ameans of collecting income tax in india under the indian income tax act of 1961. Any payment covered under these provisions shall be paid after reducting prescribed percentage. Returns states the TDS deducted and paid to government during the quarter to which it relates.