Hi guys 👋 in this blog let's see how to deduct  the tax amount  that we are paying this is part 1
Tax deduction at source popularly known as TDS in section 40 of profit and gains we had a brief overview of tax deduction at goes in the case of winning Sunday interest incoming while discussing it in if OS it was specified that if the net amount or some received is given then the same need to be gross the as they have been given after deduction of tax at source this blog exclusively deals with the provision of TDS that is tax detection at source before entering into the concept latest try to understand the concept we know that one persons expenditure is another person income in case of few payment the law cast the responsibility of on the fair to detect percentage as tax before making the other word that total sum is divided into directly paid to another person and detecting a part of that which needs to be paid to the government in the name of recipe and person the scope of this blog include the rate of tax that has to be detected when tax has to be remted what other administrative aspect need to be other to the sum that can be paid without detecting tax be called this the their sold limit few definitions on TDS administrative aspect section 200 due to of the person detecting TDS etds returns every person whose liable to detect tax at source shell after paying that that to the central government account prepare quarterly statement for the period ending 30 June 30 September December and March such statement shall be delivered to the prescribed income tax authority or authorised agency that said statement should be in such form and within such time as maybe prescribed e TDS returns have to be filed on or before the 15th of month following the quarter for example the quarter ending 31st December etds return should be filed or on before 15th June however the quarter ending March is the due date is April 30th where any tax has been detected and the paid into the central government account the amount of tank detected and specified in the statement of returns shall be treated as tax paid by the person from whose income it has been detected automatic credit shall be given to him for the amount so detected in the assessment year.

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