TDS(Tax Deducted At Source) is the tax deducted by deductor before paying any amount to deductee. It is a kind of Advance Tax where the amount of tax is paid periodically as mentioned in the Act. TDS involves two parties:Continue reading… #Learn Taxation: Types of Tax Deducted at Source
Earlier we had learned about Penalty interest u/s 234A, 234B and 234C. Know about it later. Today we will learn all about Advance Tax. Advance tax is tax paid before completion of financial year. It is also known as payContinue reading… #Learn Taxation: Know about Advance Tax!