CBDT issues Guidelines on e-commerce: 1% TDS on Gross Amount of Sale of Goods and Services Facilitated through Online Platforms [Read Circular]

Guidelines on e-commerce issued by CBDT
By Yogitha S. Yogesh - On December 29, 2023 10:14 am - 2 mins read
CBDT - e-commerce - Guidelines on e-commerce - Income Tax Deduction - Online platforms - TAXSCAN

The Central Board of Direct Taxes (CBDT) issued guidelines under Section 194-O of the Income Tax Act, 1961 which provides that an e-commerce operator shall deduct income tax, by withholding TDS, at the rate of one per cent of the gross amount of sale of goods or provision of service, or both, facilitated through its…

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