View: Section 194-O of Income-Tax (I-T) Act would create difficulties for e-commerce cos
By Rameesh KailasamBudget 2020 introduced Section 194-O of the Income-Tax (I-T) Act. Its primary intent was to widen the tax base by bringing the ecommerce ecosystem into it. Participants in this ecosystem, it was believed, neither paid taxes nor filed their tax returns, thereby escaping tax liability.194-O exempted non-resident ecommerce participants, set a ceiling limit … Read more