TDS on e-commerce transactions lowered, reducing withholding obligations for digital sellers under the amended provision. Amendment reduces the withholding rate under the e-commerce withholding provision by substituting the prior higher percentage with a lower percentage, and ... Summary
TDS on e-commerce transactions lowered, reducing withholding obligations for digital sellers under the amended provision.
Amendment reduces the withholding rate under the e-commerce withholding provision by substituting the prior higher percentage with a lower percentage, and requires payers and platforms to apply the revised lower withholding rate to qualifying transactions from the specified effective date in 2024.
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