Budget 2020: E-commerce cos to collect 1% TDS from sellers under new levy
Also, consequential amendments are being proposed in section 197 (for lower TDS), in section 204 (to define person responsible for paying any sum) and in section 206AA (to provide for tax deduction at 5 per cent in non-PAN/Aadhaar cases).
The government on Saturday proposed a new levy of one per cent TDS, Photo: Reuters