The act of being present at a designated location, event, or duty, typically in the context of a workplace, school, or other organizational setting.
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Tax deducted at service refers to the tax amount withheld or deducted by a service provider while rendering a service, often as required by laws.
PurposeTo ensure tax collection at the point of transaction
Applicability:It applies to specific transactions and service categories, such as professional fees, contract payments, rent, and more.......
Rate of Deduction:The rate is prescribed by the tax authorities and depends on the type of service rendered
Compliance Requirements:The deductor must obtain a Tax Deduction and Collection Account Number(TAN)
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