Withholding Tax & TDS

Hi Community,

What is withholding tax and how different is it from TDS?
Who gets effected?

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Hi Sandeep,

Withholding tax is a term that is generally used when the amount is withheld and paid to the appropriate government and is relating to cross-country payments.

TDS is similarly a payment withheld to pay the government and refers to India.

Bhuvana Anand

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