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Join us in this episode of 5 Questions as we unravel the essentials of Tax Deduction at Source (TDS) for businesses: What's TDS? We break it down into simple terms – it's like upfront tax collection, channeling a part of payments to the tax department. What falls under TDS? Salaries, interest, rent, commissions, and more – we cover what your business needs to consider. How to ace TDS? Learn three key steps: know applicable payments, deduct TDS, and timely deposit to the government. Types of TDS returns? We explore Form 24Q, Form 24G, and Form 26Q – your go-to for different payment types. Why pay TDS? Understand its significance for government revenue and avoid penalties for non-compliance. Stay informed, stay compliant. Tune in for actionable insights into TDS and empower your business! Don't forget to like, share, and subscribe for more essential business tips! Make sure to follow us across our social media pages for more updates: Facebook: / bankwithopen Twitter: / bankwithopen LinkedIn: / bank… Instagram: / bankwithopen #TDS #Taxation #BusinessInsights