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CBDT issues guidelines under section 194-O of the Income-tax Act, 1961

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..... CBDT issues guidelines under section 194-O of the Income-tax Act, 1961 - News and Press Release Dated:- 29-12-2023 - News - CBDT issues guidelines under section 194-O of the Income-tax Act, 1961 - - .....

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..... - Dated:- 29-12-2023 - Section 194-O of the Income-tax Act, 1961 ( the Act ) provides that an e-commerce operator shall deduct income-tax at the rate of one per cent of the gross amount of sale o .....

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..... f goods or provision of service, or both, facilitated through its digital or electronic facility or platform. Vide CBDT Circular No. 20/2023 dated 28.12.2023 guidelines have been issued for remov .....

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..... al of difficulties and clarity has been provided on various issues pertaining to applicability of section 194-O of the Act in a multiple e-commerce operator model framework, such as the Open Network .....

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..... for Digital Commerce (ONDC). The Circular details several types of situations with examples provides clarity on multiple issues. Having received representations from various quarters, the CBDT Circ .....

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..... ular incorporates FAQs on varied issues. The said Circular is available on www.incometaxindia.gov.in . - - News - Press release - PIB Tax Management India - taxmanagementindia - taxman .....

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..... agement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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