TDS Full Form is Tax Deducted at Source
What is the full form of TDS
TDS: Tax Deducted at Source
TDS is one of the duty collecting system used in India. It’s governed under the Indian Income Tax Act 1961 and managed by Central Board of Direct Levies (CBDT).
It’s a part of department of profit managed by Indian Revenue Service (IRS). In a company, the Company’s employer collects levies from their hand and shoot it directly to the income duty department.
This duty has to be deposited in storeroom of Indian Government within a specified time. There isn’t a invariant rate of deduction for this duty. It may be ranged from 1 to 30 or further, depending on the reality on which it’s applicable.
Deductor and Deductee are two individualities involved in the process of TDS
Deductor : The deductor is a person or a company who’s responsible for abating the plutocrat ( levies) before the payment is made.
Deductee : The deductee is the person who’s liable to pay the duty or from whom the duty is subtracted.
TDS Full Form
Other Full Forms of TDS
Acronym Expansion Area of operation
TDS Total dissolved solids Academic and wisdom
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TDS Tokyo disneysea Structure
TDS Telephone and data aqueducts Business association
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