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What is TDS & why it is deducted?

Answer Posted / chalam

Tax deducted at source . Such collection of tax is effected
at the source when income arises or accrues. Hence where
any specified type of income arises or accrues to any one,
the Income-tax Act enjoins on the payer of such income to
deduct a stipulated percentage of such income by way of
Income-tax and pay only the balance amount to the recipient
of such income.

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