Explanation on the Applicability of Section 194O under Tax Deducted at Source
A new TDS section 194O was unveiled in the Union Budget 2020. E-commerce has become the primary choice for traders and buyers in the recent past. With the increase in online sales, there has been a significant increase in the number of buyers and sellers who trade via online platforms (e-Commerce website). The seller must address their tax liabilities on such income.
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