hi,
i m BCOM student pls tell me ..
Why TDS deducted ...
CA PRABHAKAR JHA
(ACA)
(313 Points)
Replied 05 December 2011
Government has secured its revenue through system of TDS. When you earn some income the payer of such income deduct a tax at source and pay you the balance amount, deposit TDS in government account. By this government has establish a check in such a way that income got reported to him via TDS return and also some part of such income gets paid to government as tax on income. This system minimizes the instances of tax evasions.
Hope this will clear your doubt,
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
