- 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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