The tax deductor should deposit the amount by the 7th day of the next month. (Image: Freepik) Tax deducted at source (TDS) is the income tax deducted from the payment made including salaries, ...
Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Tax deduction at source (TDS) or ...
Section 194C of the Income Tax Act mandates the mandatory deduction of TDS from payments made to contractors and subcontractors. Whether you are a principal or a contractor, understanding this part in ...