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TDS

Deduction of Tax at Source (TDS) is a system where a person or entity making a payment (such as salary, interest, rent, etc.) deducts a certain percentage of tax before making the payment to the recipient. The deducted amount is then remitted to the government.

Deduction of Tax at Source from Payment to Supplier of Goods or Services

Deduction of tax at source from the payment made to the Supplier of taxable goods or Services or both where the total value of such supply, under a contract, exceeding to Rs. 2,50,000/- only.