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    Question

    What does the acronym 'TDS' stand

    for?
    A Taxable Deductions on Savings Correct Answer Incorrect Answer
    B Total Dividend in Surplus Correct Answer Incorrect Answer
    C Tax Deducted at Source Correct Answer Incorrect Answer
    D Total Deposit to System Correct Answer Incorrect Answer

    Solution

    TDS, or Tax Deducted at Source, refers to the practice of collecting income tax at the source of income. It is a preventive measure to collect tax and is applicable to various payments such as salaries, interest, rent, and professional fees.

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