TDS FULL FORM
Full Form of TDS : Full Form of TDS is Tax Deducted at Source.
What is the full form of TDS?
No:1. The full form of TDS is Tax Deducted at Source.
No:2. It was introduced to collect the tax at the source from which a person’s income is received.
No:3. The government uses TDS as a tax collection tool to minimize tax fraud by taxing individual income partially or entirely when it is created, rather than at a later level.
No:4. TDS applies to different incomes, like wages, the commission received, interest received, dividends, etc.
No:5. TDS does not apply to all revenues, payments and individuals.
No:6. The Income Tax Act has recommended various TDS thresholds for different payments and multiple types of recipients.
No.-1. Download 15000 One Liner Question Answers PDF
No.-2. Free Download 25000 MCQ Question Answers PDF
No.-3. Complete Static GK with Video MCQ Quiz PDF Download
No.-4. Download 1800+ Exam Wise Mock Test PDF
No.-5. Exam Wise Complete PDF Notes According Syllabus
No.-6. Last One Year Current Affairs PDF Download
No.-7. Join Our Whatsapp Group
No.-8. Join Our Telegram Group
Important points to remember in TDS
No:1. TDS operates on the principle that any individual making a given form of payment to any individual shall deduct tax at the origin at the rates prescribed in the Income Tax Act and deposits it into the government account.
No:2. The individual must make the payment to deduct the tax and deposit the same to the government.
No:3. The deductor is an individual or organization that is qualified to deduct the taxes before the payment has been made.
No:4. The deductee is the individual who is responsible for paying the tax.
No:5. Form26AS is a document showing the amount of income tax deducted & deposited in the name or PAN of an individual in a given financial year.
Other Full Forms of TDS
The other full forms of TDS are given below in the table :
Acronym | Expansion | Area of application |
TDS | Total dissolved solids | Academic and science |
TDS | Tabular data stream | Computing protocol |
TDS | Tokyo disneysea | Building |
TDS | Telephone and data streams | Business organization |
MUST READ : NCR FULL FORM
No.-1. Download 15000 One Liner Question Answers PDF
No.-2. Free Download 25000 MCQ Question Answers PDF
No.-3. Complete Static GK with Video MCQ Quiz PDF Download
No.-4. Download 1800+ Exam Wise Mock Test PDF
No.-5. Exam Wise Complete PDF Notes According Syllabus
No.-6. Last One Year Current Affairs PDF Download
No.-7. Join Our Whatsapp Group
No.-8. Join Our Telegram Group