Applicability of equalisation levy and section 194-O in an e-commerce transaction

The Finance Act, 2020 introduced a new Section 194-O in the Income-tax Act, 1961 (‘I-T Act’) to require an e-commerce operator to deduct tax at source from the sum paid or payable to the e-commerce participants. The Finance Act, 2020 also made amendments to the Chapter-VIII of the Finance Act, 2016 to extend the provisions of Equalisation Levy to the e-commerce supplies.

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