TDS for ecommerce operators to 0.1% from 1%

way2barak, July 23: Finance minister Nirmala Sitharaman proposed to reduce the tax deducted at source (TDS) for ecommerce operators to 0.1% from 1% earlier.

The finance minister also proposed to decriminalise delay in payment of TDS up to the due date of filing statements for the same.

The government also plans to provide a standard operating procedure for TDS defaults and simplify and rationalise the compounding guidelines for such defaults