TAX DEDUCTED AT SOURCE

TDS can be applicable for income that are regular as well as irregular in nature.Since TDS is collected at source without the calculation of investment that is eligible for tax deductions, hence, an individual can declare and submit his investment proof in order to file a return and claim for the TDS refund.

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TAX DEDUCTED AT SOURCE

TDS is collected as a means to keep a stable revenue source for the government throughout the year, while desisting people from avoiding taxes.Tax Deducted at Source or TDS is a type of tax that is deducted from an individual's income on a periodical or occasional basis. TDS rule directs the payee or employer to deduct a certain amount of tax before making full payment to the receiver. TDS is applicable for salary, commission, professional fees, interest, rent, etc.If an individual has paid excess TDS when compared to the liable tax amount, the deducted or payee can file a claim for a refund of the excess amount. The TDS deductions are calculated based on various factors for individuals from different types of income categories.

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