Full Form Of Tds Tax Deducted At Source How It Works
Full Form of TDS – Tax Deducted at Source The full form of TDS is Tax Deducted at Source. TDS provisions are in the Income-tax Act, 1961. Using TDS, income tax is collected at the source of income generation. One who makes a payment to another person deducts TDS from the amount and remits the amount to the government on the receiver’s behalf. In this fashion, the tax authorities get a specified tax percentage in advance....