31 May 2009

A question for Finance experts

I am not sure i know about Tax Deduction at Source in Indian Income Tax system!
If i did, i would not have arrived at this juncture and get stucked.

My question is simple,
does Tax Deduction at Source depend on the type and source of income?

The question arise from the fact that i am planning to invest some money on real estate projects which will definitely attract taxes. And to show that my investments are genuine and not illegal, they will provide me TDS certificates too.

I am worried if providing TDS of my savings account (not my salary account) will raise eyebrows or not? Whether organizationons allow a second source of income?
Please rush me your answers ASAP


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