If you are a freelancer who has registered yourself to get work assignments from online portals such as content writing, graphic designing, translation, etc., here is an important piece of information for you.
As per a new report, e-commerce operators are required to pay you for your services after deducting tax at 1% under the latest section 194-O.
As per the announcement made in the Union Budget 2020, the new section 194-O has started to come into effect from 1 October 2020.
So in case you are seller of your products or services through e-commerce platforms, you are entitled to abide by the new section and the TDS rate is applicable to you.
In case you take up freelance work from websites like freelancer.com, upwork.com or fiverr.com, you will now be covered under Section 194-O.
