What is TDS
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Answer Posted / saurabh singh
TDS is known as TAX DEDUCTED AT SOURCE. TDS is a liablity
of the comapny and to be paid 7th of the next month. for
example company has deduct tds on rent Rs.5000/- on
28.09.10 then comapny is liable towards the deductee to pay
TDS certificate and Tds should be deposited till 7th Oct 10.
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