https://www.taxtmi.com/article/detailed?id=8944 A withholding rule mandates e-commerce operators to deduct tax on the gross amount of sales or services facilitated through their platform, treating direct payments by purchasers as deemed credits by the operator. Individuals and HUFs below a specified annual receipt threshold who furnish PAN or Aadhaar are exempt; non furnishing attracts a higher rate. Transactions subject to deduction under this provision are not to be subjected to TDS under other provisions, though amounts for advertising or unrelated services are excluded from that protection. Consequential amendments to withholding and procedural provisions are proposed. en-us Wed, 05 Feb 2020 08:04:20 +0530 Thu, 06 Feb 2020 17:07:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8944 A withholding rule mandates e-commerce operators to deduct tax on the gross amount of sales or services facilitated through their platform, treating direct payments by purchasers as deemed credits by the operator. Individuals and HUFs below a specified annual receipt threshold who furnish PAN or Aadhaar are exempt; non furnishing attracts a higher rate. Transactions subject to deduction under this provision are not to be subjected to TDS under other provisions, though amounts for advertising or unrelated services are excluded from that protection. Consequential amendments to withholding and procedural provisions are proposed. Articles Income Tax Wed, 05 Feb 2020 08:04:20 +0530 https://www.taxtmi.com/article/detailed?id=8944