Respected Members,
We all know that TDS, Advance Tax & Self-Asessment Tax are all different froms of income tax, which is a direct tax, which means the impact & incidence of tax is on the same person. But as far as TDS is concerned, its impact is on the tax payer but incidence is on the tax deductor. Then how it can be justified as a direct tax?
CAclubindia
