Multiple choice general knowledge

TDS stands for?

  1. Tax Debited for Service

  2. Tax Deducted at Source

  3. Tax Deducted for Service

  4. Tax Debited at Source
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

TDS stands for Tax Deducted at Source. It is a system where tax is deducted at the time of payment (such as salary, interest, commission, rent) rather than at the end of the financial year. The deducted tax is deposited with the government by the payer.

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