Tax Deducted at Source (TDS) was introduced to facilitate the payment of Tax while receiving the income and it follows the concept Pay as you Earn. The tax deducted at source is one way of collecting the taxes by the department.
Persons liable to deduct TDS
Individual/HUF- If covered under Tax Audit u\s 44AB during the F.Y.2009-10
Association of Person
Body of Individual.
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