26 December 2011
Dear Experts, Can anyone explain for what payment TDS will be generally attracted? I just want to know the principle behind it so that i can understand it. Thanks & Regards, Rajesh.
26 December 2011
@ Sharma ji hawa me jawab de rahe ho kya? :p
Tax deducted at source is one of the modes of collecting Income-tax from the assessees in India. Such collection of tax is effected at the source when income arises or accrues. Hence where any specified type of income arises or accrues to any one, the Income-tax Act enjoins on the payer of such income to deduct a stipulated percentage of such income by way of Income-tax and pay only the balance amount to the recipient of such income.
Abhishek Ranjan Singh ARS Solutions email2ars@gmail.com +91 9022838615
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