No need for e-pay gateway to deduct tax if e-tailer does it

The income tax (I-T) department on Tuesday evening said payment gateways facilitating e-commerce transactions don’t need to deduct taxes if the e-commerce platform has deducted it already. For proper implementation, e-tailers and payment gateways may have an understanding on the same, the Central Board of Direct Taxes (CBDT) circular said.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3kWX8lo