Why the Income Tax Return is marked Defective for E-Commerce Businesses? TDS u/s 194-O is the Villain?
Friday, 08 December 2023
by Praveen Nair
As many of you are aware, many E-Commerce sellers are receiving notices/defective returns stating that the Total Aggregate/NET turnover reported in the Income Tax Return is much lower than the Turnover reported by the Marketplaces when they deduct TDS under section 194O. TDS u/s 194-O was introduced in Oct 2020. Since it was only applicable
- Published in TDS & E-Commerce