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📣TDS on payments to e-commerce participants

✅Applicability: This section is applicable to both resident and non-resident E-commerce operators (e.g. Flipkart, Amazon) making payment to e-commerce participants (Sellers) who are selling goods or providing services through its digital platform.

✅Applicable from: 1st October, 2020

✅Explanation: If you are selling goods or providing services (e-commerce participant) through an e-commerce operator(Flipkart) by using its digital platform, then e-commerce operator (Flipkart) shall deduct Income Tax
(as TDS under section 194-O) at the rate of one per cent of the gross amount of such sales or services or both.

✅Exceptions: No deduction shall be made in case an individual or Hindu undivided family provides sale or services or both during the previous year for any amount less than five lakh rupees and have furnished PAN or Aadhaar number to the e-commerce operator.

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