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Tax Collection at Source & (TDS)Tax Deduction at Source



Direct Tax Advance Tax, Tax Deduction At Source and Introduction to Tax Collection at Source & (TDS)Tax Deduction at Source

CA online classes : For CA Intermediate Article I have given an attempt to build an understanding of the Tax Deduction at Source. I have tried to cover the Scope of Nature of Payments on which TDS, has to be made and further when and how much it can be deducted. I hope this will help a lot to all the CA Intermediate student to get an understanding of it.   

Meaning:

TDS or Tax Deduction at Source means the tax withheld at the time of making a different kind of payment which is notified in the Income Tax Act, 1961 and Rules as well. How much tax has to be deducted is depend on the nature of the payment. There are different kinds of rates are specified in the Income Tax Act, 1961 covered under the provisions of different sections. Payments may be in the nature of contractual fees, salaries professional service, brokerage and Speculation income.

 Learn complete Tax Deduction at Source    This was the maximum I tried to cover in this article for CA Intermediate students about TDS.

For further and detail understanding of the same please visit the portal www.takshshilaelearning.com
 you can learn CA classes online with Takshila Learning.  

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