Budget 2020: Now, Amazon orders to cost more if this amendment is enacted

In order to provide relief to small businessman, it is proposed to provide exemption to an individual and Hindu Undivided Family who receives less than Rs 5 lakh and furnishes PAN/Aadhaar

Your Amazon order or Uber ride will now get a little more expensive if a proposed amendment in the Income Tax Act comes into force. 

The Budget of 2020-21 has proposed the insertion of a new section in the Income Tax Act, Section 194-O. The proposal says tax deducted at source (TDS) is to be paid by an e-commerce operator for sale of goods or provision of service facilitated by the e-commerce portal or platform.

The new section, which is scheduled to come into force from April 1, proposes "to provide that e-commerce operator shall deduct TDS on all payments