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What is TDS Tax Deducted at Source Under Income Tax TDS is Deducted, Not Added Applicable on Services It is Deducted on Payments It Applicable on Person Paying (Not Goods) If TDS @10% Max ABC Bill Consultancy Rs 40,000 Cheque Rs 36,000 TDS Deposit 4000 Max ABC Cheque Rs 40,000 If No TDS Applicable Bill Consultancy Rs 40,000 Tax Deducted on Some Payments

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.