IncomeTax

Understanding TDS: Definition, Types, and Advantages

Business1 years ago

Source: Understanding TDS: Definition, Types, and Advantages

The responsibility of paying the income tax lies on the person receiving the income. However, TDS makes sure that the tax gets deducted from the payment itself in advance.

Tips to Pay Less Tax in 2024-25

Business1 years ago

Source: Tips to Pay Less Tax in 2024-25

For most people, paying income tax at the end of every year can be financially draining. But having a proper plan for income tax savings can definitely be helpful. Everyone likes to have an extra penny to spend on their own expenses than giving it away. The Government of India understands this. This is why it provides tax benefits which can be availed by the citizens.

What Are the Variances between TDS and TCS?

Business1 years ago

Source: What Are the Variances between TDS and TCS?

There are two forms of indirect taxes which may get confused with each other at times, namely TDS and TCS. TDS is collected at the source of income. Whereas, TCS is paid by the seller that collects it from the buyer during the period of sale. Want to know more? Visit our post