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What is TDS
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Answer Posted / pradeep
TDS is tax deduct at source there are two parts in this
case 1. deducter who deduct TDS and 2. deductee whose tds
deduct when 1 party make any work payment for 2 party that
time deduct tds of 2nd party and pay balance amount to 2nd
party and duducter release a TDS certificate for 2nd of
total tds deduction which help in Income tax return
Note.:- PAN is compolsury for TDS both parties
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