Tag Archives: #TaxationRequirementsIndia

Q111 How do street vendors in India pay tax or register under tax laws?

Street Vendors In India Street Vendors In India Website link Street Vendors In India: To register for taxes as a street vendor in India, the following steps should be followed: Obtain the necessary licenses: Street vendors must acquire licenses from the relevant local authorities, such as municipal corporations or local bodies, to conduct their business… Read More »

Q103 Drawbacks of a single member LLC: What are the taxes that you pay on dividends and how do they work in India?

Drawbacks of a single member LLC Website Drawbacks of a single member LLC: In India, the taxation of dividends received by shareholders has undergone changes. Previously, dividends were subject to Dividend Distribution Tax (DDT), which was levied on companies distributing dividends. However, effective April 1, 2020, DDT was abolished, and the taxation of dividend income… Read More »

Q35 Do individuals without a PAN need to obtain one before the GST online registration in India ?

GST online registration Website link GST online registration: Individuals without a PAN (Permanent Account Number) are required to obtain one before going through the GST (Goods and Services Tax) online registration process in India. PAN is a unique identification number issued by the Income Tax Department of India, and it serves as an essential document… Read More »

Q36 Are you legally liable for any tax issues like GST in India if you are a member of a co-working space?

GST in India Website link GST in India: As a member of a co-working space, you may not be legally liable for any tax issues like GST in India unless you are registered as a business or an individual taxpayer. The liability for GST or other taxes depends on the nature and scope of your… Read More »