Tax deducted at source (TDS)
Tax deducted at source (TDS),
Definition of Tax deducted at source (TDS):
A method of tax collection on income assessments in India. The tax collection can be affected if the income increases. The taxpayer pays tax on income from the preceding year. Tax collection is therefore delayed until the year has been completed. In order to prevent from hiding income, the government collects some amount of tax owed from the amount that is receivable by the tax payer.
Meaning of Tax deducted at source (TDS) & Tax deducted at source (TDS) Definition
