Tds

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Aradhana Tiwari (Querist)
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01 July 2014 Please explain giving an example what is TDS and how is it calculated? Please explain fully the whole concept of TDS.

Ganeshbabu K

Ganeshbabu K (Expert)
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01 July 2014 TDS is tax deducted at source
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Why it is introduced?

generally assesse will pay tax only after completion of financial year
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which incurs cost of funds to govt..hence they introduced TDS for some of expences
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while making payments against those expences TDS should be deducted and paid to govt
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for tds deducted deductor have to file tds return to give credit of tds deducted to their pan numbers
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same will be adjusted against tax payable while filing of returns of assesses
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just do google u will get what and all you need