HCO & Co.
Withholding Tax in India is the portion of income deducted at the source by the payer before making a payment to the recipient. It ensures tax compliance and includes payments like salaries, interest, rent, or professional fees. The deducted tax is deposited with the government, and the recipient can claim credit while filing income tax returns. Understanding withholding tax in india is crucial for businesses and individuals to avoid penalties and stay tax-compliant in India.
Visit here for more information: https://www.hcoca.com/understanding-the-concept-and-how-to-claim-to-withholding-tax-in-india.aspx
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