Mr. Tarun, a resident individual, sells handmade crafts exclusively through CraftKart Ltd., an e-commerce platform. He started his business on 01st…
CA Final · Direct Tax Laws and International Taxation · MTP · September 2025
Mr. Tarun, a resident individual, sells handmade crafts exclusively through CraftKart Ltd., an e-commerce platform. He started his business on 01st October 2024. During the financial year 2024–25, the total sales facilitated through the platform amounted to 6,20,000. CraftKart Ltd. charged a commission of 20,000 and remitted final amount to Mr. Tarun on 31st March 2025 after deducting its commission and applicable TDS. Mr. Tarun has furnished his PAN to the platform. Based on the above facts, what is the correct amount of TDS deductible by CraftKart Ltd. under section 194-O of the Income-tax Act, 1961?
Suggested Answer and Working Notes:
Correct Answer: Option (C)
₹ 620
Topics: Appeals and Revision, Deduction, Collection and Recovery of Tax
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