E-commerce business accounting involves collecting, organizing, analyzing, and reporting business financial information.

As per the Finance Act, 2020 provisions of the TDS section194 have been amended. This provides for TDS on Dividend income declared, distributed, and paid by a company within the country

According to Finance Act, of 2022 established Section 194R which involves the deduction of tax on perquisites or benefits linked with businesses or professions.

As per the Finance Act, 2021, Section 194Q of the Income-tax Act, 1961, which are regarding Tax Deducted at Source (TDS) on the buying of goods and not to the supply of service.

Finance minister Nirmala Sitharaman recommended the inclusion of section 194K in the Finance Act in the financial year 2020.

As per Finance Act 2021, a new section 194P is introduced which offered situations for exempting senior citizens from Income Tax returns filing aged 75 years and above.