The Income Tax Act, 1961 (The Act) requires deduction of tax at source (TDS) on several transactions. It often happens that even after deduction of tax by the deductor, he fails to deposit the same to the credit of Government.The Income Tax Act, 1961 (The Act) requires deduction of tax at source (TDS) on several transactions. It often happens that even after deduction of tax by the deductor, he fails to deposit the same to the credit of Government.taxmann.com Latest ArticlesRead More