Assertion: tax's rate | /r/HasProperty | prescribed in the income tax act
Facets:
value: at source
type: LOCATION
Source sentences:
text: For example, payment of redemption proceeds by a debt mutual fund to a resident individual is not subject to TDS but for a Non-resident Indian is subject to TDS.TDS works on the concept that every person making specified type of payments to any person shall deduct tax at the rates prescribed in the Income Tax Act at source and deposit the same into the government's account.