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Understanding Tax Deducted at Source by Saloni Gupta is a document available to read on EtoBox.

TDS, or tax deducted at source, is a mechanism by which the government collects taxes throughout the year to minimize tax evasion. Under TDS, those making payments for rent, commissions, fees, salaries, interest, etc. must deduct a percentage of tax from the payment and pay it to the government. The recipient receives the net payment amount after TDS is deducted. Those responsible for deducting TDS must deposit the deducted amount with the government by the 7th of the following month. If TDS returns are fil

Author

Saloni Gupta

Language

EN