TDS concepts

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82 Points Posted on 13 October 2018
who is the payer and payeee accordingly TDS provisions ?
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On 13 October 2018 at 19:33 Report
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Payer: one who pays.

Payee: one who is paid.

e.g. for salary, payer is employer, payee is employee.

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On 13 October 2018 at 20:25
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82 Points Posted on 13 October 2018
and who should deposit such tds in income tax department??
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On 13 October 2018 at 20:27
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The payer. He withholds tax amount from payments made.

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On 13 October 2018 at 20:30
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63 Points Posted on 14 October 2018
TDS is deducted by employer from the salary of employee. later it's deposited in income tax dept. by employer.
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On 14 October 2018 at 13:27

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