5108/1992.

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.... tax collection comes by way of tax deduction at source where tax is deducted at the time of making payment of salary and interest etc. by the person making the payment. 2. The provisions relating to tax deduction at source are contained in Chapter XVIIB of the I.T. Act. The CBDT also issues circulars every year on this subject. Non-compliance with the TDS provisions results in loss of Governme....