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of <h1>CBDT Circular Clarifies Tax Deduction Guidelines for Sections 194-O, 194Q, and 206C of the Income-tax Act, 1961.</h1> The circular issued by the Central Board of Direct Taxes provides guidelines for sections 194-O, 194Q, and 206C of the Income-tax Act, 1961. Section 194-O mandates e-commerce operators to deduct 1% tax on sales facilitated through their platforms, with exemptions for certain individuals and Hindu undivided families. Section 206C requires sellers to collect 0.1% tax on sales exceeding fifty lakh rupees. Section 194Q obligates buyers to deduct 0.1% tax on purchases exceeding fifty lakh rupees. The circular clarifies that section 194-O does not apply to e-auctioneers if specific conditions are met and provides guidance on tax deductions concerning non-GST levies and government departments.
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