Deduction of Tax at Source (TDS)
The Deduction and Collection of Tax at Source (TDS/TCS) provisions under the Income Tax Act, 1961 are covered under Chapter XVII (Sections 190 to 206CA). These provisions ensure advance tax collection by requiring specified persons (deductors/collectors) to withhold tax at the time of payment/credit (TDS) or collection (TCS). Key Components of TDS & TCS: (A) Applicability (Section 190) Tax is […]
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