POSTED BY December 2, 2013 8:04 pm ONE COMMENTON
As you know there are many online retailers operating within India like Flipkart, Snapdeal, Amazon.in, Shopclues, eBay, etc
I was reading Amazon India affiliate program’s Operating Agreement at
Section 8, second paragraph says that if you earn more than Rs. 5000/- annually, then they will deduct 10% withholding tax, if PAN is provided. They will also issue relevant withholding tax certificate
What is this “withholding tax certificate” and what does it look like? What am I supposed to do with it? Can I claim refund?
I know about Income Tax, Sales Tax, Service Tax, Custom Duty, Dividend Distribution Tax, Securities Transaction Tax, Corporate Tax, TDS, Profession Tax, Octroi, Local Body Tax, etc
But, what is & when was Withholding Tax introduced? What are it’s rates and on which items is it levied?