What is the term for the process in which a company deducts income tax from the interest payable on debentures when it exceeds a certain limit?

Tax Deducted at Source (TDS)

Tax Deducted at Source (TDS) is the term used for the process in which a company deducts income tax from the interest payable on debentures when it exceeds a certain limit. TDS is a mechanism employed by tax authorities to collect tax at the source of income, ensuring that the government receives its due tax revenue.