TDS stands for Tax Deducted at Source, which is a form of advance tax. It refers to the tax amount that the government collects at the time a transaction takes place. Essentially, TDS is deducted by the payer and then deposited with the government. After the TDS payment is made, individuals are required to file a TDS return, which must include the PAN (Permanent Account Number) of the payee. https://zumvu.com/johndenmark/post/137932/what-are-forms-24q,-26q,-27q,-27eq,-27d-under-income-tax-in-india
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