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Tds
Please explain giving an example what is TDS and how is it calculated? Please explain fully the whole concept of TDS.
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TDS is advance tax.. it is deducted from the income of other person. A company giving income to other for service part has to deduct tds
like if i had an contract with a ltd for supply of man power services, then the said a ltd will deduct mine tds..
i.e. tax on the income which i wil earn
tds is deducted by companies so that the receiver of income has to file income tax,
https://www.moneycontrol.com/tax/tds/what-is-tds-or-tax-deducted-at-source_664924.H T M L
https://www.incometaxindia.gov.in/archive/tax_deducted_source_otherthansalaries_vol1.pdf
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