Full Form of TDS

Full Form of TDS

Tax Deducted at Source

TDS Full Form is Tax Deducted at Source. TDS is the revenue collected at the source of income. According to Income Tax Act – 1961, this is a form of income tax collected in India. The revenue generated by TDS is controlled by Central Board for Direct Taxes or CBDT, as CBDT is a part of the Revenue Department. TDS plays a crucial role during audits. One has to pay TDS on selective types of incomes such as immovable property, on rent, on contractor, on certificates etc.

 

Other types of income which requires TDS include; interest on deposits or bonds in banks, winning lotteries, winning horse races, paying salary to employees, and more. The amount deducted for TDS varies depending on the government and the type of income that is involved. The Income Tax Department expects individuals to file deductions on prescribed forms every quarter within the given due dates.

 

What are the basic requirements of healthy food? Gully Boy Rapper MC Tod Fod aka Dharmesh Parmar Dies at 24 Preity Zinta Shares first Holi Pictures as a new parents with Gene Goodenough Holi 2022 Whatsapp Wishes in Hindi Fonts Holi Wishes Shayari in Hindi Happy Holi Wishes Wallpaper Images The Benefits of Beauty Sleep Health and Beauty Tips
Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling these ads blocker.

Powered By
CHP Adblock Detector Plugin | Codehelppro