Today (28-07-2023), under the able guidance of Smt C Tripura Sundari, IRS, Commissioner of Income Tax (TDS), Chennai, an Income Tax -TDS National Webinar was conducted by the Joint Commissionerate of Income Tax, TDS Range-3, Chennai in association with Arthasasthra International Chamber of Tax Professionals.

          Sh E Elango, IRS, Deputy Commissioner of Income Tax, TDS Circle 3(1), Chennai has presided over the National Webinar and delivered vote of thanks. During his address, he has stressed the importance of deduction of tax u/s 194-O of the Income Tax Act,1961, in the specified rate of 1% by the E Commerce Operators (ECOs) in the appropriate payments payable / paid to the E Commerce Participants (ECPs), remittances of such TDS dues into the Central Government account in time, filing of TDS quarterly Statements within the time allowed and issue of TDS certificates to the E Commerce Participants.  Also he highlighted the consequences of TDS non-compliances.

          Sh L Rajaraman, ITO & Sh T V Sridhar ITO of TDS Range-3, Chennai, presented their PPTs and explained in detail about the TDS provision
194-O which is introduced with effect from 01-10-2020.  During their presentation, they have elaborately analysed the various facets of TDS provision 194-O with illustrations, further, they have also explained the terms and conditions prescribed for TDS compliance, in the various Circulars issued, in connection with the provisions 194-O, 194-Q and 206C(1H) by the CBDT. 

          Queries raised by the participants during the time of registration and also during the Webinar were addressed.

          In this Income Tax – National Webinar more than 65 participants of E Commerce Operators (ECOs) as well as E Commerce Participants (ECPs), from various parts of the Country were participated and got benefitted.

   

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