Ranjan Goenka is Founder & Director of PDS Infotech, Kolkata,PDS Infotech is into developing software products in Tax related products & Services.
TDS (Tax Deducted at Source) is an amount deducted while making specified payments such as salary, rent, commission, professional fees, salary, interest etc. and subsequently deposited with the Income Tax Dept. TDS is not a tax, but advance deposit towards Income Tax on behalf of the recipient earning the revenue from the person making the payment. This provision ensures a continuous flow of revenue to the Government.
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