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What is TDS & why it is deducted?

Answer Posted / raghavendra

TDS Means Tax Deducted at source . which needs to deducted
as per Income TAX AcT 1961 . TDS will be deducted on basis
of volume and as per different rates mentioned in the Income
tax act. TDS certificate need to be given to the Party after
deducting the Tax .

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