We use cookies to understand which pages and tools are useful, nothing more — no ad tracking across other sites. You can change this later from the footer.

Skip to content
Lekhya.in

TDS (Tax Deducted at Source)

Income tax deducted at the point a payment is made (salary, contractor fees, rent and more) and deposited with the government on the payee's behalf.

Read the full working guide

Related terms

  • Tax Audit (Section 44AB)

    A mandatory audit under the Income Tax Act for businesses and professionals above specified turnover or receipts thresholds, reported in Form 3CA/3CB and Form 3CD, distinct from the statutory audit under the Companies Act.

  • TCS under GST

    Tax Collected at Source — a GST compliance obligation requiring e-commerce operators to collect tax on the net value of taxable supplies made through their platform.

  • TDS under GST (Section 51)

    A GST compliance obligation requiring specified categories of deductors (government bodies and others) to deduct tax at source on payments to suppliers above a threshold.

  • Test of Controls

    A procedure to evaluate the operating effectiveness of a control in preventing or detecting material misstatements, as distinct from a substantive procedure on the balance itself.

Browse every term

231 terms in total, or go deeper with working procedures and worked examples in the resource library.

Back to the glossaryOpen the resource library