Tuesday, April 7, 2020

Applicability of the Finance Bill 2020 on travel companies

The Finance Bill introduced a new Section (194-O) which requires every e-commerce operator to deduct 1% as tax while making payment to ecommerce participant. The same needs to be deducted at the earlier of credit or payment to the ecommerce participant.

from taxmann.com News https://ift.tt/2V9knxb
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...