Tag Archives: #TaxationLawUpdates

New vs Old Tax Regime

New vs Old Tax Regime The new tax regime under the Income Tax Act in India, introduced in the Union Budget 2020-21, offers taxpayers an alternative tax structure with lower tax rates but without various deductions and exemptions available under the old tax regime. New tax regime: 1. Lower Tax Rates: The new tax regime… Read More »

What are the GST rates on commissions?

What are the GST rates on commissions?

  User Intent Users searching for GST rates on commissions are likely business owners, freelancers, financial professionals, or accountants. They aim to understand how the Goods and Services Tax (GST) applies to commissions, its impact, benefits, and limitations. This guide provides an in-depth analysis of GST rates on commissions in India. Introduction The Goods and… Read More »