TMI BlogInsertion of new section 194-O.X X X X Extracts X X X X X X X X Extracts X X X X ..... perator shall, at the time of credit of amount of sale or services or both to the account of an e-commerce participant or at the time of payment thereof to such e-commerce participant by any mode, whichever is earlier, deduct income-tax at the rate of one per cent. of the gross amount of such sales or services or both. Explanation . For the purposes of this sub-section, any payment made by a purchaser of goods or recipient of services directly to an e-commerce participant for the sale of goods or provision of services or both, facilitated by an e-commerce operator, shall be deemed to be the amount credited or paid by the e-commerce operator to the e-commerce participant and shall be included in the gro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oth, including digital products, over digital or electronic network; (b ) e-commerce operator means a person who owns, operates or manages digital or electronic facility or platform for electronic commerce and is responsible for paying to e-commerce participant; (c ) e-commerce participant means a person resident in India selling goods or providing services or both, including digital products, through digital or electronic facility or platform for electronic commerce; (d ) services includes fees for technical services and fees for professional services , as defined in the Explanation to section 194J. . - C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ious year to the account of an e-commerce participant, being an individual or Hindu undivided family, where the gross amount of such sales or services or both during the previous year does not exceed ten lakh rupees and the ecommerce participant has furnished his Permanent Account Number or Aadhaar number to the e-commerce operator. Sub-section (3) of the said section provides that notwithstanding anything contained in Part B of this Chapter a transaction in respect of which tax has been deducted by the e-commerce operator under sub-section (1), or is not liable to deduction under sub-section (2), shall not be liable to tax deduction at source under any other provision of Part B of this Chapter. It is further proposed to exclude the appl ..... X X X X Extracts X X X X X X X X Extracts X X X X
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