CrunchBase(0.00 / 0 votes)Rate this definition: Aras. Aras is a suite of open source Product Life Cycle Management (PLM) software solutions that run on a model-based SOA application framework.
What is a 'Tax Deduction'. A tax deduction is a reduction in tax obligation from a taxpayer's gross income. Tax deductions can be the result of a variety of events that the taxpayer experiences over the course of the year. Tax deductions are removed from taxable income, also known as the adjusted gross income, and thus lowers the taxpayer's overall tax liability.
Answer to why TDS is deducted: Tax is deducted at source by specified persons when making different kinds of payment exceeding threshold limit. TDS rate is different for each payment and there is different threshold limit for each payment.We can use some logic to find reasons for why TDS is deducted.There is no any interview available with government asking reason for TDS.1  Tax compliance: We all know that there is lots of corruption in India. 2  Many political parties win election or lose election using corruption issue.e can use some logic to find reasons for why TDS is deducted. There is no any interview available with government asking reason for TDS. 1  Tax compliance: We all know that there is lots of corruption in India. 2  Many political parties win election or lose election using corruption issue.