📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    TDS (Tax Deducted at Source) is a mechanism

    for:
    A Collecting tax at the point of generation of income Correct Answer Incorrect Answer
    B Providing tax refunds Correct Answer Incorrect Answer
    C Calculating advance tax Correct Answer Incorrect Answer
    D Filing income tax returns Correct Answer Incorrect Answer
    E Auditing tax payments Correct Answer Incorrect Answer

    Solution

    TDS is a method of collecting income tax in India. It is deducted by the payer (the deductor) at the time of making specified payments (like salary, interest, professional fees) to the payee (the deductee). It ensures that tax is collected upfront at the source of the income itself.

    Practice Next
    More Accounts Questions
    ask-question