Saturday, August 11, 2012

Tax Deducted at Source

Tax deducted at source is one of the hot topics that is being searched over the internet. This is especially true for various TDS RATES that are applicable for various transactions. The concept of TDS states that if any person is making any payment to another person for any service or contract then that person has to deduct TDS on the rates prevailing for that contract or transaction.
There are various rates of TDS that are being mentioned in the Indian Income Tax Act. For all of these the sections after 190 should be referred. 

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