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What is the TDS deduction & Service chargges for FY 2011-
2012

Question Posted / komal

Answer Posted / komal

TDS (Tax deducted at source)is the rate of tax that need to be deducted by an assesee from the payment made to a party and deposit the same to the govt account.
Whereas Service Charges is the extra Charges paid by the assessee for enjoying a service.Kindly note Service Charges is not levied by the Government. It is Service Tax yhat is levied by GOI.

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