different between withholdin tax and with out holding taxs?
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Answer Posted / sandeep
Withholding tax is a TDS (Tax deduction at source) on the
AR side Customer deducts the tax and pay's the remaining
amount for which companies receive Form 16 A and on the AP
side the company deducts the Tax and issues form 16 A in
india
Normally the Tax is deducted on service type transaction
In simple Company deducts the tax on behalf of the Govt
and Deposit the amount - its a Direct Tax
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