01 July 2014
TDS is tax deducted at source . . Why it is introduced?
generally assesse will pay tax only after completion of financial year . . which incurs cost of funds to govt..hence they introduced TDS for some of expences . . while making payments against those expences TDS should be deducted and paid to govt . . for tds deducted deductor have to file tds return to give credit of tds deducted to their pan numbers . . same will be adjusted against tax payable while filing of returns of assesses . . just do google u will get what and all you need
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