S1: TDS stands for Tax Deducted at Source. S2: TDS is a direct tax. Which statement(s) is/are correct?
A. S1 only
B. Neither S1 nor S2
C. Both S1 and S2
D. S2 only
Answer: Option A
Solution (By JKSSB Mock Tests)
TDS stands for Tax Deducted at Source, a mechanism for collecting income tax. However, TDS is a *mode of collection* for direct taxes (like Income Tax), not a tax itself. S1 is correct, S2 is conceptually inaccurate as TDS is a collection method.
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