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TDS stands for tax deduction at source, a means of collecting tax on income, dividends, or asset sales in India. Learn about the objectives, rates, provisions, and certificates of TDS under different sections of the Income Tax Act 1961.
DFAS is an agency of the U.S. Department of Defense that handles payments, financial statements, and business intelligence for the DOD and other customers. It was established in 1991 to consolidate and modernize finance and accounting operations across the department.
Learn about the process of recording and managing financial transactions by the government, including its income and expenditures. Compare public and private accounting, and the objectives and standards of governmental accounting.
The GAO is an independent, nonpartisan agency that provides auditing, evaluative, and investigative services for the U.S. Congress. It supports congressional oversight, improves government performance and accountability, and produces reports, testimonies, and legal opinions.
GSA is an independent agency of the U.S. government that manages and supports federal agencies. It provides products, communications, transportation, office space, and policy guidance for the federal government, and oversees $500 billion in U.S. federal property.
The IRS is the federal revenue service of the United States, responsible for collecting taxes and administering the Internal Revenue Code. It is an agency of the Department of the Treasury and has a history dating back to the Civil War and the 16th Amendment.
GASB is a private, non-governmental organization that sets and improves accounting and financial reporting standards for state and local governments in the US. It issues statements, interpretations, bulletins, concepts and guides to define GAAP for the sector.
TAN is a 10 digit alpha-numeric number issued by the Income Tax Department to the persons who are required to deduct or collect tax on payments made by them in India. TAN is used to deposit, claim and verify the tax deducted at source (TDS) and to issue certificates.