Understanding TDS on Services and How to Deposit TDS Online with...

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2025-02-05 07:38:57 -

Understanding TDS on Services and How to Deposit TDS Online with Sterling Tax

TDS on services is deducted when a payer makes payments to professionals or service providers exceeding specified limits. This deduction ensures tax collection at the source, preventing tax evasion and simplifying income assessment for the government.

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Understanding TDS on Services and How to Deposit TDS Online with Sterling Tax TDS on services is deducted when a payer makes payments to professionals or service providers exceeding specified limits. This deduction ensures tax collection at the source, preventing tax evasion and simplifying income assessment for the government. Visit: https://www.hashtap.com/@sterling.tax1/understanding-tds-on-services-and-how-to-deposit-tds-online-with-sterling-tax-KPg97QEWRolJ

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Understanding TDS on Services and How to Deposit TDS Online with Sterling Tax — Sterling Tax

Tax Deducted at Source (TDS) is a crucial compliance requirement for businesses and individuals making specified payments under the Income Tax Act, 1961. TDS on services applies when payments are made for professional fees, technical services, consultancy, and more. Understanding the nuances of TDS on services and knowing how to deposit TDS online ensures timely compliance and avoids penalties. In this guest post, we explore TDS on services, its applicability, and how Sterling Tax simplifies the...

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