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Tax to be deducted at source, commonly referred to as ‘TDS’ is a mechanism of Govt. to collect the tax of a person in advance. TDS is an amount which is required to be deducted from the payment to be given to another person and the same is required to be deposited with the income tax[…..]
It seems that the government’s floor managers, led by Hon’ble Finance Minister Arun Jaitley, have reached out to Opposition parties for securing their support for passing bills to replace various ordinances, issued by the government recently, in the budget session of Parliament that begins on February 23.The 49 per cent cap would include both FDI[…..]