Tag Archives: #DeclarationRequirementsAndProcedures

What is the declaration towards Section 206AB of income tax?

Declaration of Section 206AB   Declaration of section 206AB, Section 206AB of the Income Tax Act, 1961, was implemented as part of the Union Budget 2021 and has been in effect since July 1, 2021. This provision mandates designated individuals to withhold tax at an increased rate on particular payments made to individuals who have… Read More »