07/06/2018 Financial & Legal Services
TDS is based on the concept of “Pay as you earn basis”
When the payer deducts excess tax while making the payment to the payee, it is called “TAX DEDUCTED AT SOURCE”.A person who makes the payment and deducts & Deposit the tax with the government is called Deductor.
In case of excess deduction of tax at source, claim of refund can be made by the payee in a specified form. TDS return filing is a quarterly statement.
As a mindful native, you should comprehend the duty and obligation for the documenting of your TDS return. In the event that you are ignorant what TDS...