Time deposits include recurring deposits repayable after fixed periods for tax deduction and collection purposes. Time deposits, for TDS/TCS purposes, mean deposits, including recurring deposits, repayable upon expiry of fixed periods. The definition is stated in the ... Summary
Time deposits include recurring deposits repayable after fixed periods for tax deduction and collection purposes.
Time deposits, for TDS/TCS purposes, mean deposits, including recurring deposits, repayable upon expiry of fixed periods. The definition is stated in the Income-tax Act, 2025 and corresponds to the definition used under the Income-tax Act, 1961.
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