TDS u/s 194O of Income Tax - CBDT Guidelines on Section 194O for E-commerce Operators on 1% TDS
TDS u/s 194O of Income Tax - CBDT Guidelines on Section 194O of the Income Tax Act for E-commerce Operators on 1% TDS discussed by CA. Satuti Majajan.
The CBDT vide Circular No. 20/2023 dated December 28, 2023, has issued guidelines addressing challenges and providing clarity on the application of section 194-O of the Income-tax Act, 1961, particularly in a multiple e-commerce operator model such as the Open Network for Digital Commerce (ONDC).
Section 194-O mandates that an e-commerce operator deducts income tax at a rate of one percent on the gross amount of sale of goods or provision of services facilitated through its digital or electronic platform.
The circular comprehensively outlines various scenarios with illustrative examples, offering insights and resolving concerns raised by different stakeholders.
Additionally, the Circular incorporates Frequently Asked Questions (FAQs) to further enhance understanding and address a spectrum of issues raised through representations from various quarters.
DISCLAIMER :-
This Video is for the purposes of information / knowledge and shall not be treated as solicitation in any manner or of for any other purposes whatsoever.
It shall not to be used for any legal advice /opinion and shall not to be used to rendering any professional opinion. Viewers are advised to kindly go through to original Government publications / notifications and published case laws or judicial pronouncements.
The statements and opinions expressed in video are those of the speaker and do not necessarily reflect those of the CA Sansaar or any of its employees. CASansaar Team does not take any responsibility for the views of the Speaker.
Our Social Links - Follow CA Sansaar
YouTube / casansaarca
Twitter / casansaar
Facebook / casansaarca
Linkedin / casansaar