Withholding Tax or TDS is applicable to all companies for various transactions under Income Tax Act.
Assessee needs to deduct a portion of the payments made by them in the usual course of business such as:
Salary
Dividend
Interest
Royalty
Commission or Brokerage
Rent
Contractor or sub-contractor
Professional or technical services fee
The amounts deducted from such payments are required to be deposited with the authorities along with periodical returns.
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