TDS is the short form for Tax Deducted at Source. Any Company or any person making the payment is required to deduct tax at source if the amount surpasses the prescribed threshold limit. The Income-tax Department of India decides the rate at which the TDS will be deducted. The entity or individual who deducts the supposed amount is known as a deductor, and the person whose tax is deducted is known as Deductee. It is the responsibility of the deductor to deduct the TDS before making any payment and deposit it to the government. The procedure of filing the returns of the Tax Deducted at Source or TDS Return is known as TDS Return filing in India . What is Tax Deducted at Source? TDS is the acronym for Tax Deducted at Source, which means of a collection of Income Tax in India. Tax Deducted at Source is done under the Income Tax Act, 1961 . Under the provision of TDS, any payment enclosed is paid after withholding the amount as per the set percentage. It is managed by the Depart...

FCRA stands for Foreign Contribution Regulation Act that governs and regulated foreign contributions occurring within India. FCRA Registration Certificate issued by the government authority is a mandatory obligation to acquire or receive any foreign contribution or external grants by any registered trust, society, institution, association, and NGOs. The primary objective of FCRA registration is to legalize the receipt of any foreign contribution by domestic entities and for ensuring the proper utilization of such funds for the specified purpose. What do you mean by Foreign Contribution? According to Section 2 (1) (h) of FCRA Act 2010, "Foreign Contribution" means the donations, delivery or transfer made by any foreign source; ·     Under this clause, a donation, delivery, any currency received by any person who has received any grant, which is from any foreign resource, either directly or through one or more person; ·    According to sub-sec...