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Answer Posted / r.vara lakshmi
TDS means Tax Deducted at Source. Ex:- We do certain job
work to the parties and we raise the bill on the name of the
Party. The party in turn gives us the Amount after deducting
TDS amount to us and in turn the party would give us
Form.16A Sales Tax TDS for the amount which has been
deducted. This Form should be submitted to the Auditors
while preparation of Balance sheet for verification.
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