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Tax deduction at source (TDS) has come into existence with the motive of collecting tax from different sources of income. As per this concept, a person (Payer) who is responsible to make payment of specified nature to any other person (Payee) shall deduct tax at source before making payment to such person (Payee) and remit the same into the account of the Central Government.
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In India, a Tax Deduction and Collection Account Number (TAN) is a 10 digit alpha-numeric number issued by the Income Tax Department to the persons who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961.
A specimen demand draft. A demand draft (DD) is a negotiable instrument similar to a bill of exchange. A bank issues a demand draft to a client (drawer), directing another bank (drawee) or one of its own branches to pay a certain sum to the specified party (payee). [1] [2] A demand draft can also be compared to a cheque. However, demand drafts ...
Demand deposits or checkbook money are funds held in demand accounts in commercial banks. These account balances are usually considered money and form the greater part of the narrowly defined money supply of a country. Simply put, these are deposits in the bank that can be withdrawn on demand, without any prior notice.
Kosher salt vs. table salt: An expert explains the difference. News. News. Associated Press. AP PHOTOS: Amid charred neighborhoods, a handful of LA homes remain untouched. News. Reuters.
Paris Hilton, left, and Nicole Richie in Los Angeles in November. The pair star in Peacock's reality TV special "Paris & Nicole: The Encore," premiering Thursday.
A password field in a sign-in form. A password, sometimes called a passcode, is secret data, typically a string of characters, usually used to confirm a user's identity.. Traditionally, passwords were expected to be memorized, [1] but the large number of password-protected services that a typical individual accesses can make memorization of unique passwords for each service impractica