Tax deducted at source or withholding tax

Description: Tax Deducted at Source (TDS) or withholding tax is a method where tax is deducted at the time of payment for certain income sources like salaries, interest, rent, and professional fees. The payer deducts a specified percentage of tax and remits it to the government on behalf of the payee. TDS ensures timely tax collection and reduces the risk of tax evasion. The payee can claim the deducted tax while filing their returns, using the information from Form 26AS for reconciliation. Site: https://ushmaassociates.com/tds-return-filings/ contact no : +91-9910075924

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