Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
Income Tax: Section 194-O of the Income Tax Act provides for deduction of tax at source (TDS) at the rate of 1% on the gross amount of sales or services facilitated by an e-commerce operator through its digital or electronic platform for an e-commerce participant. To bring parity with the TDS/TCS rates applicable on offline transactions, it is proposed to reduce the TDS rate u/s 194-O from 1% to 0.1%. The amendment will take effect from October 1, 2024.
Income Tax: Section 194-O of the Income Tax Act provides for deduction of tax at source (TDS) at the rate of 1% on the gross amount of sales or services facilitated by an e-commerce operator through its digital or electronic platform for an e-commerce participant. To bring parity with the TDS/TCS rates applicable on offline transactions, it is proposed to reduce the TDS rate u/s 194-O from 1% to 0.1%. The amendment will take effect from October 1, 2024.
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