Tax Deduction at Source (TDS) Payment
Introduction to TDS : To collect tax from source of income The Deductor to deduct tax and remit to the Government The Deductee can claim the credit on the basis of Form 26AS or TDS Certificate TDS to be deposited by 7th of Every month. Non payment/Non deduction of TDS:- Disallowance Sec 40(a)(i) and 40(a)(ia) Interest…