What is difference between TDS deduction and income tax deduction and in what situation they are deducted?
10th September 2018 From India, Mumbai
TDS = Tax deduction at Source , it i s usually defined by Income tax deduction at source but it is not complete definition of income tax, TDS is applicable under GST rules also,
Income Tax deduction is also termed as TDS,
TDS can be set off against the total tax liability of the person while filing returns, if the tax liability is NIL at the time of filing returns, the the whole TDS deducted would be subject to refund.
11th September 2018
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2019 Cite.Co™