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The language has been simplified but the legal effect is the same. Section 194A is now Section 393(1) Table Sl. 5(ii)/(iii). You do not need to change your tax planning or compliance approach. Update section references in new filings.
Section 194A (FY 2025-26): banks, co-operative banks and post office — ₹50,000 (₹1,00,000 for senior citizens); other cases — ₹10,000. Not a blanket bank exemption. Form 15G/15H: only where the prescribed nil-tax and eligibility conditions are met.
Section 393(1) Table Sl. 5(ii)/(iii) (TDS consolidated). Row checked against the current s.393 text; rates/thresholds as shown are the FY 2025-26 (1961 Act) figures.
Consolidated into s.393. The FY 2025-26 thresholds were set under the 1961 Act — not first introduced by the 2025 Act.
Language simplified or restructured for clarity. Legal effect remains the same.
The FY 2025-26 thresholds applied under the 1961 Act from 1 Apr 2025 — not a change made by the 2025 Act.
This is only a renumbering — Section 194C of ITA 1961 is now Section 393 of ITA 2025. The legal position is unchanged. Existing judicial precedents continue to apply. No action required beyond updating section references in filings from AY 2026-27 onwards.
Section 194C: TDS on contractor payments — 1% (individual/HUF), 2% (others). Threshold Rs. 30,000 single / Rs. 1 lakh aggregate.
Section 393: TDS on contractor payments by designated person — 1%/2%. Thresholds Rs. 30,000/Rs. 1 lakh. Within consolidated TDS framework. (Exact s.393 table row: pending source check.)
Consolidated into Section 393. Rates (1%/2%) and thresholds (Rs. 30,000/Rs. 1 lakh) unchanged.
Only renumbering; substantive law unchanged. Existing judicial precedents continue to apply.
The language has been simplified but the legal effect is the same. Section 194J is now Section 393(1) Table Sl. 6(iii). You do not need to change your tax planning or compliance approach. Update section references in new filings.
Section 194J (FY 2025-26): threshold ₹50,000 for fees for professional services and for technical services (each). Rates: 2% for fees for technical services (not professional), royalty for sale/distribution/exhibition of films and call-centre payments; 10% for other covered payments. Director fees/remuneration: no threshold.
Section 393(1) Table Sl. 6(iii) (TDS consolidated). Row checked against the current s.393 text; rates/thresholds as shown are the FY 2025-26 (1961 Act) figures.
Consolidated into s.393. The ₹50,000 threshold already applied under the 1961 Act from 1 Apr 2025 — it was not introduced by the 2025 Act.
Language simplified or restructured for clarity. Legal effect remains the same.
The ₹50,000 threshold applied under the 1961 Act from 1 Apr 2025 (FY 2025-26) — not a change made by the 2025 Act.
The compliance process has changed — including affected forms. The substantive law remains the same, but you should update your filing procedures for AY 2026-27 onwards.
Section 197A read with Forms 15G (non-senior citizens) and 15H (senior citizens): Self-declaration to payer for nil TDS where total income below exemption limit.
Section 393(6): Single provision for declaration. Forms 15G and 15H replaced by unified Form 121. (Exact s.393 table row: pending source check.)
Two forms (15G and 15H) merged into single Form 121. Single provision replaces separate sub-sections. Eligibility criteria unchanged.
Compliance process, forms, or timelines changed; substantive rights/obligations unaffected.
Form 121 applicable from TY 2025-26 (AY 2026-27). For AY 2025-26, old Forms 15G/15H apply.
The compliance process has changed — timelines or procedures may differ. The substantive law remains the same, but you should update your filing procedures for AY 2026-27 onwards.
Section 193: TDS on interest on securities/debentures at 10%.
Section 393: TDS on interest on securities — within consolidated TDS framework. Threshold increased to Rs. 10,000. (Exact s.393 table row: pending source check.)
Consolidated into Section 393. Threshold for debentures increased from Rs. 5,000 to Rs. 10,000.
Compliance process, forms, or timelines changed; substantive rights/obligations unaffected.
Threshold increased from Rs. 5,000 to Rs. 10,000 for debenture interest.
This is only a renumbering — Section 194 of ITA 1961 is now Section 393 of ITA 2025. The legal position is unchanged. Existing judicial precedents continue to apply. No action required beyond updating section references in filings from AY 2026-27 onwards.
Section 194: TDS on dividend at 10%. Threshold Rs. 5,000.
Section 393: TDS on dividend to residents. Same rate and threshold. (Exact s.393 table row: pending source check.)
Consolidated into Section 393. No change in rate or threshold.
Only renumbering; substantive law unchanged. Existing judicial precedents continue to apply.
The compliance process has changed — timelines or procedures may differ. The substantive law remains the same, but you should update your filing procedures for AY 2026-27 onwards.
Section 194B: TDS at 30% on winnings from lottery, crossword puzzle, card game, gambling, etc. Threshold Rs. 10,000 aggregate per year.
Section 393: TDS on winnings — 30%. Threshold changed to Rs. 10,000 per transaction. (Exact s.393 table row: pending source check.)
Consolidated into Section 393. Threshold changed from aggregate per year to per transaction.
Compliance process, forms, or timelines changed; substantive rights/obligations unaffected.
Threshold basis changed from 'aggregate per year' to 'per transaction'.
The compliance process has changed — timelines or procedures may differ. The substantive law remains the same, but you should update your filing procedures for AY 2026-27 onwards.
Section 194D: TDS at 5% on insurance commission. Threshold Rs. 15,000.
Section 393: TDS on insurance commission — 5%. Threshold increased to Rs. 20,000. (Exact s.393 table row: pending source check.)
Consolidated into Section 393. Threshold increased from Rs. 15,000 to Rs. 20,000.
Compliance process, forms, or timelines changed; substantive rights/obligations unaffected.
Threshold for insurance commission TDS increased from Rs. 15,000 to Rs. 20,000.
This is a material change. The legal position under Section 393 of ITA 2025 differs from Section 194H of ITA 1961. Review the change carefully — it may affect your tax liability, deductions, or compliance obligations.
Section 194H: TDS at 5% on commission or brokerage. Threshold Rs. 15,000.
Section 393: TDS on commission/brokerage — 2%. Threshold Rs. 20,000. (Exact s.393 table row: pending source check.)
Consolidated into Section 393. Rate reduced from 5% to 2%. Threshold increased from Rs. 15,000 to Rs. 20,000.
Material change in law — different legal position, rates, conditions, or consequences.
Threshold increased from Rs. 15,000 to Rs. 20,000.
The language has been simplified but the legal effect is the same. Section 194-I is now Section 393(1) Table Sl. 2(ii). You do not need to change your tax planning or compliance approach. Update section references in new filings.
Section 194-I (FY 2025-26): TDS on rent — 2% for plant/machinery/equipment, 10% for land/building/furniture. Threshold ₹50,000 per month or part of a month. Whether 194-I or 194-IB applies depends on the deductor's statutory category.
Section 393(1) Table Sl. 2(ii) (TDS consolidated). Row checked against the current s.393 text; rates/thresholds as shown are the FY 2025-26 (1961 Act) figures.
Consolidated into s.393. The ₹50,000 per month threshold already applied under the 1961 Act from 1 Apr 2025.
Language simplified or restructured for clarity. Legal effect remains the same.
The ₹50,000-per-month threshold applied under the 1961 Act from 1 Apr 2025 (FY 2025-26) — not a change made by the 2025 Act.
This is only a renumbering — Section 194-IA of ITA 1961 is now Section 393 of ITA 2025. The legal position is unchanged. Existing judicial precedents continue to apply. No action required beyond updating section references in filings from AY 2026-27 onwards.
Section 194-IA: TDS at 1% on payment for transfer of immovable property (non-agricultural) exceeding Rs. 50 lakh.
Section 393: TDS on immovable property transfer — 1%, Rs. 50 lakh threshold. (Exact s.393 table row: pending source check.)
Consolidated into Section 393. No change in rate or threshold.
Only renumbering; substantive law unchanged. Existing judicial precedents continue to apply.
The compliance process has changed — timelines or procedures may differ. The substantive law remains the same, but you should update your filing procedures for AY 2026-27 onwards.
Section 194K: TDS at 10% on income from mutual fund units. Threshold Rs. 5,000.
Section 393: TDS on mutual fund income — 10%. Threshold increased to Rs. 10,000. (Exact s.393 table row: pending source check.)
Consolidated into Section 393. Threshold increased from Rs. 5,000 to Rs. 10,000.
Compliance process, forms, or timelines changed; substantive rights/obligations unaffected.
Threshold increased from Rs. 5,000 to Rs. 10,000.
The compliance process has changed — timelines or procedures may differ. The substantive law remains the same, but you should update your filing procedures for AY 2026-27 onwards.
Section 194LA: TDS at 10% on compensation for compulsory acquisition. Threshold Rs. 2,50,000.
Section 393: TDS on acquisition compensation — 10%. Threshold increased to Rs. 5,00,000. (Exact s.393 table row: pending source check.)
Consolidated into Section 393. Threshold increased from Rs. 2,50,000 to Rs. 5,00,000.
Compliance process, forms, or timelines changed; substantive rights/obligations unaffected.
Threshold doubled from Rs. 2.5 lakh to Rs. 5 lakh.
This is only a renumbering — Section 194O of ITA 1961 is now Section 393 of ITA 2025. The legal position is unchanged. Existing judicial precedents continue to apply. No action required beyond updating section references in filings from AY 2026-27 onwards.
Section 194O: TDS at 1% on payments by e-commerce operator to e-commerce participant. Threshold Rs. 5,00,000/year.
Section 393: Same — 1% TDS on e-commerce payments. (Exact s.393 table row: pending source check.)
Consolidated into Section 393. No change.
Only renumbering; substantive law unchanged. Existing judicial precedents continue to apply.
This is only a renumbering — Section 194S of ITA 1961 is now Section 393 of ITA 2025. The legal position is unchanged. Existing judicial precedents continue to apply. No action required beyond updating section references in filings from AY 2026-27 onwards.
Section 194S: TDS at 1% on payment for transfer of virtual digital assets. Threshold Rs. 50,000 (specified persons), Rs. 10,000 (others).
Section 393: Same TDS on crypto/VDA transfers. (Exact s.393 table row: pending source check.)
Consolidated into Section 393. No change.
Only renumbering; substantive law unchanged. Existing judicial precedents continue to apply.
This is a material change. The legal position under Section 393 of ITA 2025 differs from Section 194T (new in FA 2025) of ITA 1961. Review the change carefully — it may affect your tax liability, deductions, or compliance obligations.
Section 194T (inserted by Finance Act 2025): TDS on salary, remuneration, commission, bonus, interest to partners exceeding Rs. 20,000.
Section 393: TDS on payments to partners. New provision. (Exact s.393 table row: pending source check.)
New TDS provision — payments to partners now subject to TDS. Rs. 20,000 threshold.
Material change in law — different legal position, rates, conditions, or consequences.
New provision effective from 1 April 2025. Partners now face TDS on remuneration/interest.
This is only a renumbering — Section 195 of ITA 1961 is now Section 393 of ITA 2025. The legal position is unchanged. Existing judicial precedents continue to apply. No action required beyond updating section references in filings from AY 2026-27 onwards.
Section 195: TDS on any sum (other than salary) paid to a non-resident — at rates in force. Payer must determine taxability.
Section 393: TDS on payments to non-residents — catch-all provision within consolidated TDS. (Exact s.393 table row: pending source check.)
Consolidated into Section 393. No change in rates or obligation.
Only renumbering; substantive law unchanged. Existing judicial precedents continue to apply.