The income tax department has exempted e-auctioneers from tax deducted at source (TDS) imposed at the rate of one per cent on e-commerce platforms, subject to certain riders.
The department
Income tax department exempts e-auctioneers from 1% TDS
The department clarified that when these taxes are separately disclosed on invoices, then they have to be deducted before calculating the TDS
 "Income tax department exempts e-auctioneers from 1% TDS")
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The Finance Act, 2021 imposed TDS at the rate of 0.1 per cent on buyers of any goods more than Rs 50 lakh from domestic sellers.
First Published: Nov 25 2021 | 10:46 PM IST
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