Wednesday, August 20, 2008

TDS Tax Deduction At Source

TDS is deducted by Employer or Buyer of any particulars. The tax is paid to government (i.e in authorized bank) by them on behalf of seeller or employee. As a proof of the deduction employer is giving a copy of Form 16 to employee and buyer is giving a copy of Form 16A to seller so that he can submit it to government body.

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