Tax Deducted at Source (TDS) is a concept that was introduced by the Government of India to prepone tax collection and curb tax evasion, by collecting tax from the very source of income. This “pay as you earn” measure of tax collection is a regular source of revenue to the Government, and provides for a wider tax base.
Chirag Nangia, Nangia & Co LLP contributed an article on Should you deduct tax at source (Full page article)for Hindu business Line special issue on Guide to Taxation.
