What is TDS – Tax Deduction at Source

TDS (Tax Deduction at Source) as per the Income Tax Act 1961 Tax deduction at all source of Income in India means of collecting a certain percentage tax on income, dividends, or asset sales by requiring the payer to deduct tax due before paying the balance to the payee. As per the Indian Income Tax Act of 1961, TDS must be deducted at source as per the provisions of the Income Tax Act, 1961.