Thursday, September 10, 2020

1% TDS applicable on Payments made to E-Commerce Participants from October 1, 2020 [Read Act]

The Finance Act, 2020 has inserted Section 194-O which elaborates on levying 1% Tax Deducted at Source (TDS) on Payments made to E-Commerce Participants, which will be applicable for the transactions from 1st October 2020 onward. Section 194-O shall be applicable on Residents and Non-Resident E-commerce operators making payment to resident e-commerce participants in relation […]

from Taxscan | Simplifying Tax Laws https://ift.tt/33ez5XV

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