WebSep 29, 2024 · Guidelines under section 194-0 (4) and section 206C (1-1) of the Income-tax Act, 1961 - reg. Finance Act, 2024 inserted a new section 194-0 in the Income-tax Act 1961 (hereinafter referred to as "the Act") which mandates that with effect from 1st day of October, 2024, an e-commerce operator shall deduct income-tax at the rate of one per … WebMay 6, 2024 · Introduction. Section 194O has been introduced in the Union Budget 2024. According to Section 194O, an e-Commerce operator is required to deduct TDS for facilitating any sale of goods or providing services through an e-Commerce participant. TDS on e-commerce operators under section 194-O is applicable from 1st October 2024.
Circular No. 20 of 2024
WebSep 29, 2024 · Dated: 29th September, 2024. Sub.: Guidelines under section 194-O (4) and section 206C (1-I) of the Income-tax Act, 1961 —reg. Finance Act, 2024 inserted a new … WebApr 4, 2024 · If TDS deducted under section 194 O, no TDS would be deducted under Chapter XVII- B of the act. In simple terms, if any TDS deducted under 194 O, no TDS to be deducted 194 J, 194C. Also, one big relief under section 194 O (3) is that if you are exempt from the purview of section 194 O ie individual or HUF having sales or receipts less than 5 ... ordered vector space
A guide to TDS on E Commerce under Section 194O of Income Tax Act
WebDec 6, 2024 · Guidelines under Section 194O, 194Q and 206C of Income-Tax Act, 1961 Lakshmikumaran & Sridharan MEMBER FIRM OF . India December 6 2024 WebDec 31, 2024 · For example, there would be transparency on the seller of goods and service providers’ income via digital platforms. ... TDS rate under section 194O on e-commerce transactions. Under this section, TDS would be deducted by e-commerce operators at the rate of 1% or the rate of 5% (only for Non-PAN and Aadhar card cases). ... WebApr 4, 2024 · If TDS deducted under section 194 O, no TDS would be deducted under Chapter XVII- B of the act. In simple terms, if any TDS deducted under 194 O, no TDS to be … ordered weighted average operator 的定义