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What is TDS?

  1. A Tax Deducted at Source, collected by the payer at the time of payment or credit
  2. B Total Deferred Sum
  3. C Tax Due Statement
  4. D Trading and Distribution Statement
Answer

Tax Deducted at Source, collected by the payer at the time of payment or credit

The deductor remits the tax to the government and the deductee claims credit for it against their own liability.

All CA MCQs

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