FICCI Says Proposed Ecommerce TDS Will Hurt Growth, Reduce Activity

  • FICCI Says Proposed Ecommerce TDS Will Hurt Growth, Reduce Activity
  • The budget proposed a new TDS levy at the rate of 1% on ecommerce sellers
  • The budget proposed to insert a new section 194-O to provide a new levy of TDS at the rate of 1%.
  • A presentation of the Federation of Indian Chambers of Commerce and Industry (FICCI) for the government reportedly said that the tax will hurt the country’s ecommerce growth.

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