Hi, I just started my Fiverr career and completed my first order. My total income in the previous year is not crossing 5 lakhs then why is Fiverr taking 5% as TDS from me?! It is not acceptable.
If the e-commerce participant is a resident Individual or HUF and the gross sales exceed Rs. 5,00,000 in the financial year, TDS will be deducted at the rate of 1% on Gross Sales.
If the deductee does not provide the PAN or Aadhaar, then TDS shall be deducted at the rate of 5% irrespective of the gross sales amount.