Levy of 1 pc tds: amazon, flipkart may seek clarification from govt on budget proposal

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Finance Minister’s long and winding budget speech in the Parliament included an announcement that the e-commerce companies will have to deduct a 1% TDS from the sellers on their respective


platforms from April 1, 2020. The only exemption from this levy will be those sellers whose turnover on e-commerce sites has been less than ₹5 lakh the previous financial year.