Understanding CBDT Circular No. 20 of 2023: Section 194-O Guidelines for E-Commerce Tax Deductions

Explore the intricacies of CBDT Circular 20 and Section 194-O under the Income Tax Act, 1961, shedding light on the dynamic landscape of E-Commerce Taxation. This comprehensive video unravels TDS Guidelines in the realm of Digital Commerce, emphasizing Circular No. 20/2023. Delve into the nuances of Tax Deduction at Source for E-Commerce Operators, understanding the key components of TDS Return filing through Form 26Q and the issuance of certificates to sellers under Form 16A.

Discover the impact of Gross Amount considerations, including Seller Discounts and how Purchase Returns affect the tax landscape. Gain insights into the treatment of payments to platform or network providers like ONDC and navigate the complexities of including or excluding GST and State Levies from the Gross Amount.

Join us on this enlightening journey through the realms of Tax Compliance in the e-commerce sector, where we strive to decode the complexities and provide clarity in a rapidly evolving regulatory environment. Stay informed and empowered with the knowledge essential for navigating the intricacies of E-Commerce Taxation.

Best Regards,
Team Tax Infoteria
Video Credits: Mansi Jain
Editing Credits: Chetan Mehra

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What abouny commission need to deduct TDS U/s 194H???