Tag Archives: #TaxDeductionRules

GST registration taxpayer or tax deductor?

GST registration process for taxpayers

GST Registration Process for Taxpayers   GST registration process for taxpayers, GST registration is applicable to both taxpayers and tax deductors, but the specific requirements and processes may vary. Let’s understand each category: 1. Taxpayer: A taxpayer is a person or entity that engaged in the supply of goods or services and required to pay Goods… Read More »

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

Declaration of Section 206AB

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 »