![TDS Explained: A Step-by-Step Approach for Businesses](https://yandexgames.org/wp-content/uploads/2024/04/TDS-Payment-Online-600x340.png)
TDS Explained: A Step-by-Step Approach for Businesses
TDS stands for Tax Deducted at Source, the Income Tax deducted from the payment at the time of paying such as rent, salary, commission, interest, professional fees, etc. Although the person receiving the payment has the liability to pay the income tax, the TDS provision ensures that the business making the payment deducts the tax…