Peerzada Abrar, Neha Alawadhi And Samreen Ahmad

All stories by Peerzada Abrar, Neha Alawadhi And Samreen Ahmad

1% TDS levy could make your ecommerce buys costlier

1% TDS levy could make your ecommerce buys costlier

Rediff.com3 Feb 2020

Apart from making your purchases on these platforms expensive, it will also mean sellers will have to face the brunt of reduced cash flows amid already low margins for some. Experts said the proposal, which will take effect on April 1, 2020, and will be inserted as a new section in the Income Tax Act, is expected to affect the working capital of e-commerce companies and reduce cash flows for e-sellers.