Important update - Tax Deduction at Source (TDS)

Tax Deducted at Source (TDS) New Indian government regulations introduced in Section 194-0 of the Income Tax Act, 1961 has mandated that tax at source would be deducted from the payment made to freelancers who are registered and do business through e-commerce operators. How does this affect you? If you are an Indian Individual or HUF (Hindu Undivided Family) intending to earn over INR 500,000 during the financial year then TDS is required to be deducted from your payments on the platform for the year. Your earnings threshold will be calculated from April 1st, 2020. How is Freelancer.com supporting you through this process? From December 1st, 2020, Freelancer.com will start collecting Tax Deducted at Source. You can opt into the program and configure your Permanent Account Number (PAN) through the Payments & financial section in your User Settings. You can configure these details in your account now in preparation for this functionality to be activated.   Update User Settings New Indian government regulations introduced in Section 194-0 of the Income Tax Act, 1961 has mandated that tax at source would be deducted from the payment made to freelancers who are registered and do business through e-commerce operators. How does this affect you? If you are an Indian Individual or HUF (Hindu Undivided Family) intending to earn over INR 500,000 during the financial year then TDS is required to be deducted from your payments on the platform for the year. Your earnings will be counted from April 1st, 2020. How is Freelancer.com supporting you through this process? From December 1st, 2020, Freelancer.com will start collecting Tax Deducted at Source. You can opt into the program and configure your Permanent Account Number (PAN) through the Payments & financial section in your User Settings. You can configure these details in your account now in preparation for this functionality to be activated. Update User Settings  © 2020 Freelancer Technology Pty Limited. All Rights Reserved. Level 37, Grosvenor Place, 225 George Street, Sydney, NSW 2000, Australia Privacy Policy | Terms and Conditions | Unsubscribe | Get Support  © 2020 Freelancer Technology Pty Limited. All Rights Reserved. Level 37, Grosvenor Place, 225 George Street, Sydney, NSW 2000, Australia Privacy Policy | Terms and Conditions | Unsubscribe | Get Support