Receipt of TDS Certificate– A summary of the activity

There are various tax laws and legislations that are laid in different countries in the world. The laws vary in their scope, purpose, person, place and time. TDS is a one type of direct tax, which is deducted at source before the recipient receives the income. The tax on income is determined and deducted or withheld before the income is given to the recipient. Taxes, which are deducted during payments or during liability booking, would be consolidated and remitted to the Government. The remittance is done using a Deposit Challan. After the remittance of taxes, tax certificates would be issued to the customers on or before the specified due dates.

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