What is TDS and Why it is deducted ?
According to Income Tax Act 1961 Chapter 25 deal with Deduction and Collection of Tax at Source. Tax Deducted at Source is income tax reduced from the money paid at the time of making specified payments such as rent, commission, professional fees, salary, interest etc. by the persons making such payments.
Why TDS is deducted
According to section 139 (i) every assessee whose income exceeding which is not chargeable to income tax need to file income tax return voluntary and in good faith but some assessee do not file Income Tax Return even his/her income is
Various section under which TDS deducted