01 July 2014
tds mean tax which deduct on payment made to any person and deduct the tax as per the incometax act. like on intt if you pay exceeds Rs. 5000/- in a year then you jave tot deduct the TDS @ 10% u/s 194A.
if you are partnership firm, Company the you have to deduct the TDs or if your are prop/HUF liable to take audit u/s 44AB then you have to deduct the tds in next F. Year.
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