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Date : 31 May 2005 Appendix I : CBT circular and form of undertaking/certificate regarding payment of Income tax A Copy of CBT's circular No.759 dated 18th November (Paragraph 3B.10) F. No. 500/152/96FTD
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The purpose of deduction of tax at is to ensure that individuals meet their tax obligations by having a portion of their income withheld and paid directly to the tax authorities. It helps in the smooth collection of taxes.
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Deduction of tax at requires reporting of employee details such as name, social security number, and income information. It also includes information about the amount of tax withheld.
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