TDS or Tax Deducted at Source is the amount which is withheld from payments of various kinds such as salary, contract payment, commission etc this withheld amount is adjusted against an individual’s tax due. If an individual is a businessman then even for him the TDS is relevant. The payments made to an individual as a businessman can be made after the deduction of TDS. This can finally be adjusted against one’s final tax liability. If an Individual as a businessman is making business payment he /she requires to deduct TDS from that payment otherwise entire expenditure will be disallowed as his/her business expenditure and taxed as their income.