{"title":"Recommendations from the 51st GST Council Meeting: Impact on the Gaming Industry","summary":"Recommendations from the 51st GST Council Meeting, focusing on amendments to the CGST Act 2017 and IGST Act 2017, particularly affecting the gaming industry.","content":"

Introduction

\r\n\r\n

The 51st GST Council Meeting, spearheaded by the Ministry of Finance, proposed several pivotal amendments and recommendations. These suggestions are poised to redefine the Goods and Services Tax (GST) framework, especially for the gaming industry, which includes both traditional and online gaming platforms.

\r\n\r\n

Amendments to the CGST Act 2017 and IGST Act 2017

\r\n\r\n

Among the key recommendations, the Council suggested significant alterations to the CGST Act 2017 and IGST Act 2017. These amendments primarily focus on providing clarity about the taxation of supplies in casinos, horse racing, and online gaming. The aim is to develop a more streamlined taxation process that ensures fairness and transparency in the tax system.

\r\n\r\n

Modifications in Schedule III of the CGST Act 2017

\r\n\r\n

A prominent recommendation includes the amendment of Schedule III of the CGST Act 2017. The proposed changes in this schedule will shed light on the taxation process for supplies associated with gaming activities like casinos and horse racing. Such activities form a substantial segment of the entertainment industry. The recommended changes will ensure uniform taxation, fostering a more conducive business environment.

\r\n\r\n

New Provisions in the IGST Act 2017

\r\n\r\n

The Council also suggested the addition of a specific provision in the IGST Act 2017. This provision will explicitly define the tax liabilities of suppliers located outside India, who are supplying online money gaming services to recipients in India. This is a significant stride towards plugging potential loopholes in the system and maintaining a level playing field for both domestic and international players in the online gaming industry.

\r\n\r\n

Conclusion

\r\n\r\n

The 51st GST Council Meeting demonstrated the government's dedication to refining the GST framework to ensure it remains relevant, equitable, and adaptable to the dynamic business landscape. The proposed changes underline the necessity for unambiguous regulations and guidelines, particularly in the fast-expanding online gaming sector. As stakeholders, it's imperative for us to stay updated and prepared for these changes. Stay tuned for more information on the implementation of these amendments and their potential impact on businesses in India.

","created_at":"2023-08-02T23:04:18.991655+05:30","updated_at":"2025-06-10T02:00:21.974314+05:30","slug":"recommendations-from-the-51st-gst-council-meeting-","image":null,"keywords":"GST Council Meeting, CGST Act 2017, IGST Act 2017, Gaming Industry, Taxation, Online Gaming, International Suppliers","tags":[{"id":1,"name":"GST"},{"id":7,"name":"Updates"}],"catagory":[{"id":5,"name":"Updates"}],"author":{"id":1,"name":"DEEPAK TAYAL","photo":"https://wraptaxmedia.s3.amazonaws.com/author_photos/Deepak_Tayal_pic.jpg","qualification":"Chartered Accountant","bio":"LLB | BRSR | FAFD | BlockChain | Artificial Intelligence | IFRS"},"related_posts":[{"title":"From Form 15CA/15CB to Form 145/146: A Paradigm Shift in Foreign Remittance Compliance\r\nIntroduction","summary":"The transition from Form 15CA/15CB to Form 145/146 marks a fundamental shift in foreign remittance compliance.","content":"

The Income-tax Rules, 2026 have introduced a completely revamped framework for reporting foreign remittances by replacing:

\r\n\r\n\r\n\r\n

This is not a mere procedural change—it represents a structural overhaul in reporting, documentation, and tax determination for cross-border payments.

\r\n\r\n

1. Change in Legal Framework – Rule 37BB vs Rule 220

\r\n\r\n

Under the new regime:

\r\n\r\n\r\n\r\n

As per Rule 220: (Form 145 & 146)

\r\n\r\n\r\n\r\n

While the broad classification of Parts (A to D) remains largely consistent with the earlier framework under Rule 37BB, the primary change lies in:

\r\n\r\n\r\n\r\n

2. Significant Expansion in Remitter Details

\r\n\r\n

Form 145/146 now requires comprehensive profiling of the remitter:

\r\n\r\n

Newly Mandatory Fields:

\r\n\r\n\r\n\r\n

These were not required in earlier Form 15CB, indicating a shift towards identity-based compliance tracking.

\r\n\r\n

3. Strengthened Reporting for Remittee

\r\n\r\n

The new rules significantly enhance global traceability.

\r\n\r\n

Additional Requirements (Mandatory):

\r\n\r\n\r\n\r\n

This aligns with international tax transparency standards.

\r\n\r\n

4. Authorised Dealer & Banking Transparency

\r\n\r\n

New disclosures include:

\r\n\r\n\r\n\r\n

This ensures end-to-end traceability of remittance channels, which was missing earlier.

\r\n\r\n

5. Explicit TDS Computation under the Act

\r\n\r\n

A critical shift:

\r\n\r\n\r\n\r\n

This ensures that:

\r\n\r\n

Tax under domestic law is determined first, before applying DTAA relief

\r\n\r\n

6. Additional Details Required for DTAA Reporting

\r\n\r\n\r\n\r\n

7. Pre-Filled Data & System Integration

\r\n\r\n

The rules explicitly state:

\r\n\r\n\r\n\r\n

This enhances:

\r\n\r\n\r\n\r\n

8. Form 146 (CA Certificate) – More Structured

\r\n\r\n

Form 146 now requires:

\r\n\r\n\r\n\r\n

9. Change in Verification Clause

\r\n\r\n

There is a notable change in the verification/declaration section in Form 145/146 as compared to Form 15CA/15CB.

\r\n\r\n

Key Enhancements:

\r\n\r\n\r\n\r\n

This reflects a clear shift towards greater legal accountability of the remitter and certifying professional.

\r\n\r\n

Conclusion

\r\n\r\n

The transition from Form 15CA/15CB to Form 145/146 marks a fundamental shift in foreign remittance compliance.

","created_at":"2026-03-27T15:32:56.433649+05:30","updated_at":"2026-04-09T11:06:41.188395+05:30","slug":"from-form-15ca15cb-to-form-145146-a-paradigm-shift","image":"https://wraptaxmedia.s3.amazonaws.com/blog_images/9a12c1f7-8ba3-43de-afb7-2c171dafb830.jfif","keywords":"Form 15CACB\r\nForm 145 & 146\r\nTax Residency Certificate\r\nDouble Taxation Avoidance Agreement","tags":[{"id":3,"name":"15CACB"},{"id":7,"name":"Updates"},{"id":5,"name":"Income Tax"},{"id":27,"name":"Form No 145 & 146"},{"id":28,"name":"Foreign Remittance"}],"catagory":[{"id":3,"name":"Amendment in direct tax"},{"id":5,"name":"Updates"},{"id":6,"name":"Income Tax"}],"author":{"id":411,"name":"VASHU GUPTA","photo":"https://wraptaxmedia.s3.amazonaws.com/author_photos/4a469bc6-4bd0-43a2-86fb-aca525fa55d0.jpg","qualification":"CA Finalist","bio":"Finance & Taxation Enthusiast"}},{"title":"How to Download Bulk GST Returns at One Go By using Wraptax Extension (Step-by-Step Guide)","summary":"Downloading GST returns one by one from the GST portal can be time-consuming for tax professionals and businesses. Using the Wraptax GST Downloader Extension, you can download multiple GST returns at once in just a few steps.","content":"

How to Download Bulk GST Returns at One Go By using Wraptax Extension (Step-by-Step Guide)

\r\n\r\n

Downloading GST returns one by one from the GST portal can be time-consuming for tax professionals and businesses. Using the Wraptax GST Downloader Extension, you can download multiple GST returns at once in just a few steps.

\r\n\r\n

This guide explains the complete step-by-step process to download bulk GST returns easily from the GST portal.

\r\n\r\n

Step 1: Install the GST Downloader Extension

\r\n\r\n

First, you need to download and install the Wraptax GST Downloader Extension from the Chrome Web Store.

\r\n\r\n

You can download the extension using the link below:

\r\n\r\n

https://chromewebstore.google.com/detail/gst-downloader/ofaeanedgijjmocdejfgcnhmngodmpda

\r\n\r\n

Click on “Add Extension” to install the extension in your browser.

\r\n\r\n

This extension works on browsers such as:

\r\n\r\n\r\n\r\n

\"\"Step 2 : Once installed, make sure the extension is successfully added to your browser.

\r\n\r\n

\"\"

\r\n\r\n

Step 3: Login to the Wraptax Extension

\r\n\r\n

Once you are logged into the GST portal:

\r\n\r\n
    \r\n\t
  1. Click on the Wraptax Extension icon in your browser.
    2. \r\n\t
  2. Login using your Wraptax credentials.
    3. \r\n
\r\n\r\n

If you are a new user, click on “Don’t have an account? Register here.” and create a new account.

\r\n\r\n

After successful login, the extension interface will appear on your screen.

\r\n\r\n

\"\"Step 4: Configure Browser Settings

\r\n\r\n
    \r\n\t
  1. After logging in to the extension, an interface will appear asking you to open browser settings.
    2. \r\n\t
  2. Click on “Open Browser Settings”.
    3. \r\n\t
  3. Now make sure the following two options are turned OFF in your browser settings to ensure smooth downloading of GST returns.
    4. \r\n\t
  4. Disabling these settings helps the extension download multiple GST returns without interruption.
    5. \r\n
\r\n\r\n

\"\"\"\"

\r\n\r\n

Step 5: Open the GSTR-1 Summary (One-Time Step)

\r\n\r\n

To download multiple GSTR-1 returns, you need to perform this step only once.

\r\n\r\n

Go to the Summary section of GSTR-1 for any period in the GST portal.

\r\n\r\n

This step allows the extension to access the return data required for bulk downloading.

\r\n\r\n

\"\"

\r\n\r\n

Step 6: Select Folder and Period Range

\r\n\r\n

Now open the Wraptax Extension and select the following options:

\r\n\r\n\r\n\r\n

After selecting the folder and period, click on “Start Download.”

\r\n\r\n

\"\"

\r\n\r\n

Final Result

\r\n\r\n

After the process is completed, all GST returns for the selected period will be downloaded automatically into the selected folder on your system.

\r\n\r\n

This allows you to download multiple GST returns at one go, saving significant time and manual effort.

\r\n\r\n

\"\"

\r\n\r\n

Subscription

\r\n\r\n

Upgrade your GST workflow with our advanced Bulk Download Utility. Start your subscription now and unlock its full potential via the link below:

\r\n\r\n

https://wraptax.com/checkout/gst-download-extension

\r\n\r\n

 

\r\n\r\n

 

","created_at":"2026-03-10T16:29:11.507468+05:30","updated_at":"2026-03-25T17:54:08.047587+05:30","slug":"how-to-download-bulk-gst-returns-at-one-go-by-usin","image":"https://wraptaxmedia.s3.amazonaws.com/blog_images/unnamed.png","keywords":"GST\r\nExtension\r\nBulkDownload","tags":[{"id":1,"name":"GST"},{"id":26,"name":"Download"}],"catagory":[{"id":13,"name":"GST"}],"author":{"id":413,"name":"PRATHAM GUPTA","photo":"https://wraptaxmedia.s3.amazonaws.com/author_photos/WhatsApp_Image_2025-10-15_at_11.21.49_AMedited.jpeg","qualification":"CA Finalist","bio":"Income Tax | GST | International Taxation Matters"}},{"title":"From 1961 to 2025: Navigating the New Era of Indian TDS Compliance","summary":"The Income-tax Act, 2025:\r\nConverts section-based TDS to Table-based system (Clause 393)\r\nRationalises thresholds\r\nRetains majority rates\r\nClarifies TDS vs TCS hierarchy\r\nIntroduces structural simplification","content":"

Introduction: The Great Tax Migration

\r\n\r\n

For over six decades, the Income-tax Act, 1961 served as the primary bedrock of Indian fiscal regulation. However, decades of incremental amendments, combined with the explosive growth of a complex digital economy, eventually necessitated a significant structural overhaul. This transition, brought about by the Finance Act, 2025, represents a modernization of the existing framework—a migration from a legacy system toward a streamlined, data-driven compliance environment.

\r\n\r\n

For tax professionals and financial controllers, the most immediate challenge of this "Great Migration" is the retirement of familiar compliance landmarks. The long-standing numbering system for Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) forms is being overhauled, replaced by a logical 138–144 series. As a strategist, it is essential to look beyond the surface level of these renumberings to understand the consolidated architecture that now governs reporting.

\r\n\r\n

TDS Comparison

\r\n\r\n

Old Income-tax Act, 1961 vs Income-tax Act, 2025

\r\n\r\n

(Clause 393 – Table Based Framework)

\r\n\r\n

As we all know, the Income-tax Act, 2025 removes the earlier section-wise TDS structure (like 194C, 194J, 194H etc.) and consolidates all deduction provisions into:

\r\n\r\n

Clause 393 – TDS (Table Driven Structure)
\r\nClause 394 – TCS (Table Driven Structure)

\r\n\r\n

Each nature of payment is now governed through a Table Serial Number (Sl. No.), instead of separate sections.

\r\n\r\n

Below is the perfected comparison.

\r\n\r\n
 
\r\n\r\n

1. Salary

\r\n\r\n\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n
\r\n\t\t\t

Particular

\r\n\t\t\t		\r\n\t\t\t

Old Act (Sec 192)

\r\n\t\t\t		\r\n\t\t\t

New Act (Clause 393 – Salary Entry)

\r\n\t\t\t
\r\n\t\t\t

Threshold

\r\n\t\t\t		\r\n\t\t\t

Basic exemption slab

\r\n\t\t\t		\r\n\t\t\t

Basic exemption slab

\r\n\t\t\t
\r\n\t\t\t

Rate

\r\n\t\t\t		\r\n\t\t\t

As per slab

\r\n\t\t\t		\r\n\t\t\t

As per slab

\r\n\t\t\t
\r\n\t\t\t

Timing

\r\n\t\t\t		\r\n\t\t\t

At time of payment

\r\n\t\t\t		\r\n\t\t\t

Same

\r\n\t\t\t
\r\n\r\n

✔ No structural change except codification shift.

\r\n\r\n
 
\r\n\r\n

2. Interest on Securities

\r\n\r\n\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n
\r\n\t\t\t

Particular

\r\n\t\t\t		\r\n\t\t\t

Old Act (Sec 193)

\r\n\t\t\t		\r\n\t\t\t

New Act (Clause 393 – Table Sl. No. 5)

\r\n\t\t\t
\r\n\t\t\t

Threshold

\r\n\t\t\t		\r\n\t\t\t

₹5,000 (listed securities – certain cases)

\r\n\t\t\t		\r\n\t\t\t

Same

\r\n\t\t\t
\r\n\t\t\t

Rate

\r\n\t\t\t		\r\n\t\t\t

10%

\r\n\t\t\t		\r\n\t\t\t

Rates in Force

\r\n\t\t\t
\r\n\r\n

✔ “Rates in Force” concept introduced in place of fixed % in certain cases.

\r\n\r\n
 
\r\n\r\n

3. Dividend

\r\n\r\n\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n
\r\n\t\t\t

Particular

\r\n\t\t\t		\r\n\t\t\t

Old Act (Sec 194)

\r\n\t\t\t		\r\n\t\t\t

New Act (Clause 393 – Table Sl. No. 1)

\r\n\t\t\t
\r\n\t\t\t

Threshold

\r\n\t\t\t		\r\n\t\t\t

₹5,000

\r\n\t\t\t		\r\n\t\t\t

₹10,000

\r\n\t\t\t
\r\n\t\t\t

Rate

\r\n\t\t\t		\r\n\t\t\t

10%

\r\n\t\t\t		\r\n\t\t\t

10%

\r\n\t\t\t
\r\n\r\n

✔ Threshold enhanced.

\r\n\r\n
 
\r\n\r\n

4. Interest (Other than Securities)

\r\n\r\n\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n
\r\n\t\t\t

Particular

\r\n\t\t\t		\r\n\t\t\t

Old Act (Sec 194A)

\r\n\t\t\t		\r\n\t\t\t

New Act (Clause 393 – Table)

\r\n\t\t\t
\r\n\t\t\t

Threshold (General)

\r\n\t\t\t		\r\n\t\t\t

₹5,000

\r\n\t\t\t		\r\n\t\t\t

₹5,000

\r\n\t\t\t
\r\n\t\t\t

Bank / PO

\r\n\t\t\t		\r\n\t\t\t

₹40,000

\r\n\t\t\t		\r\n\t\t\t

₹40,000

\r\n\t\t\t
\r\n\t\t\t

Senior Citizens

\r\n\t\t\t		\r\n\t\t\t

₹50,000

\r\n\t\t\t		\r\n\t\t\t

₹50,000

\r\n\t\t\t
\r\n\t\t\t

Rate

\r\n\t\t\t		\r\n\t\t\t

10%

\r\n\t\t\t		\r\n\t\t\t

10%

\r\n\t\t\t
\r\n\r\n

✔ Threshold retained.

\r\n\r\n
 
\r\n\r\n

5. Contractor Payments

\r\n\r\n\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n
\r\n\t\t\t

Particular

\r\n\t\t\t		\r\n\t\t\t

Old Act (Sec 194C)

\r\n\t\t\t		\r\n\t\t\t

New Act (Clause 393 – Table)

\r\n\t\t\t
\r\n\t\t\t

Single Contract

\r\n\t\t\t		\r\n\t\t\t

₹30,000

\r\n\t\t\t		\r\n\t\t\t

₹30,000

\r\n\t\t\t
\r\n\t\t\t

Aggregate

\r\n\t\t\t		\r\n\t\t\t

₹1,00,000

\r\n\t\t\t		\r\n\t\t\t

₹1,00,000

\r\n\t\t\t
\r\n\t\t\t

Rate – Individual/HUF

\r\n\t\t\t		\r\n\t\t\t

1%

\r\n\t\t\t		\r\n\t\t\t

1%

\r\n\t\t\t
\r\n\t\t\t

Rate – Others

\r\n\t\t\t		\r\n\t\t\t

2%

\r\n\t\t\t		\r\n\t\t\t

2%

\r\n\t\t\t
\r\n\r\n

✔ No change except structural.

\r\n\r\n
 
\r\n\r\n

6. Commission / Brokerage

\r\n\r\n\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n
\r\n\t\t\t

Particular

\r\n\t\t\t		\r\n\t\t\t

Old Act (Sec 194H)

\r\n\t\t\t		\r\n\t\t\t

New Act (Clause 393 – Table)

\r\n\t\t\t
\r\n\t\t\t

Threshold

\r\n\t\t\t		\r\n\t\t\t

₹15,000

\r\n\t\t\t		\r\n\t\t\t

₹20,000

\r\n\t\t\t
\r\n\t\t\t

Rate

\r\n\t\t\t		\r\n\t\t\t

5%

\r\n\t\t\t		\r\n\t\t\t

2%

\r\n\t\t\t
\r\n\r\n

✔ Major rationalisation.

\r\n\r\n
 
\r\n\r\n

7. Professional / Technical Services

\r\n\r\n\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n
\r\n\t\t\t

Particular

\r\n\t\t\t		\r\n\t\t\t

Old Act (Sec 194J)

\r\n\t\t\t		\r\n\t\t\t

New Act (Clause 393 – Table)

\r\n\t\t\t
\r\n\t\t\t

Threshold

\r\n\t\t\t		\r\n\t\t\t

₹30,000

\r\n\t\t\t		\r\n\t\t\t

₹50,000

\r\n\t\t\t
\r\n\t\t\t

Rate – Technical

\r\n\t\t\t		\r\n\t\t\t

2%

\r\n\t\t\t		\r\n\t\t\t

2%

\r\n\t\t\t
\r\n\t\t\t

Rate – Professional

\r\n\t\t\t		\r\n\t\t\t

10%

\r\n\t\t\t		\r\n\t\t\t

10%

\r\n\t\t\t
\r\n\t\t\t

Director Fees

\r\n\t\t\t		\r\n\t\t\t

10%

\r\n\t\t\t		\r\n\t\t\t

10%

\r\n\t\t\t
\r\n\r\n

✔ Threshold increased.

\r\n\r\n
 
\r\n\r\n

8. Rent

\r\n\r\n\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n
\r\n\t\t\t

Particular

\r\n\t\t\t		\r\n\t\t\t

Old Act (Sec 194I)

\r\n\t\t\t		\r\n\t\t\t

New Act (Clause 393 – Table)

\r\n\t\t\t
\r\n\t\t\t

Threshold

\r\n\t\t\t		\r\n\t\t\t

₹2,40,000 (annual)

\r\n\t\t\t		\r\n\t\t\t

₹50,000 per month

\r\n\t\t\t
\r\n\t\t\t

Plant & Machinery

\r\n\t\t\t		\r\n\t\t\t

2%

\r\n\t\t\t		\r\n\t\t\t

2%

\r\n\t\t\t
\r\n\t\t\t

Land/Building

\r\n\t\t\t		\r\n\t\t\t

10%

\r\n\t\t\t		\r\n\t\t\t

10%

\r\n\t\t\t
\r\n\r\n

✔ Monthly alignment introduced.

\r\n\r\n
 
\r\n\r\n

9. Purchase of Immovable Property

\r\n\r\n\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n
\r\n\t\t\t

Particular

\r\n\t\t\t		\r\n\t\t\t

Old Act (Sec 194IA)

\r\n\t\t\t		\r\n\t\t\t

New Act (Clause 393 – Table)

\r\n\t\t\t
\r\n\t\t\t

Threshold

\r\n\t\t\t		\r\n\t\t\t

₹50 Lakh

\r\n\t\t\t		\r\n\t\t\t

₹50 Lakh

\r\n\t\t\t
\r\n\t\t\t

Rate

\r\n\t\t\t		\r\n\t\t\t

1%

\r\n\t\t\t		\r\n\t\t\t

1%

\r\n\t\t\t
\r\n\r\n

✔ No change.

\r\n\r\n
 
\r\n\r\n

10. Purchase of Goods

\r\n\r\n\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n
\r\n\t\t\t

Particular

\r\n\t\t\t		\r\n\t\t\t

Old Act (Sec 194Q)

\r\n\t\t\t		\r\n\t\t\t

New Act (Clause 393 – Table Sl. No. 8(ii))

\r\n\t\t\t
\r\n\t\t\t

Threshold

\r\n\t\t\t		\r\n\t\t\t

₹50 Lakh

\r\n\t\t\t		\r\n\t\t\t

₹50 Lakh

\r\n\t\t\t
\r\n\t\t\t

Rate

\r\n\t\t\t		\r\n\t\t\t

0.1%

\r\n\t\t\t		\r\n\t\t\t

0.1%

\r\n\t\t\t
\r\n\r\n

✔ TDS overrides TCS (Clause 394).

\r\n\r\n
 
\r\n\r\n

11. E-Commerce Operator

\r\n\r\n\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n
\r\n\t\t\t

Particular

\r\n\t\t\t		\r\n\t\t\t

Old Act (Sec 194O)

\r\n\t\t\t		\r\n\t\t\t

New Act (Clause 393 – Table Sl. No. 8(v))

\r\n\t\t\t
\r\n\t\t\t

Threshold

\r\n\t\t\t		\r\n\t\t\t

₹5 Lakh (Individual/HUF)

\r\n\t\t\t		\r\n\t\t\t

₹5 Lakh

\r\n\t\t\t
\r\n\t\t\t

Rate

\r\n\t\t\t		\r\n\t\t\t

0.1%

\r\n\t\t\t		\r\n\t\t\t

0.1%

\r\n\t\t\t
\r\n\r\n

✔ No change.

\r\n\r\n
 
\r\n\r\n

12. Virtual Digital Assets

\r\n\r\n\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n
\r\n\t\t\t

Particular

\r\n\t\t\t		\r\n\t\t\t

Old Act (Sec 194S)

\r\n\t\t\t		\r\n\t\t\t

New Act (Clause 393 – Table)

\r\n\t\t\t
\r\n\t\t\t

Threshold

\r\n\t\t\t		\r\n\t\t\t

₹10,000 / ₹50,000

\r\n\t\t\t		\r\n\t\t\t

Same

\r\n\t\t\t
\r\n\t\t\t

Rate

\r\n\t\t\t		\r\n\t\t\t

1%

\r\n\t\t\t		\r\n\t\t\t

1%

\r\n\t\t\t
\r\n\r\n

✔ No change.

\r\n\r\n
 
\r\n\r\n

13. Benefits / Perquisites

\r\n\r\n\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n
\r\n\t\t\t

Particular

\r\n\t\t\t		\r\n\t\t\t

Old Act (Sec 194R)

\r\n\t\t\t		\r\n\t\t\t

New Act (Clause 393 – Table)

\r\n\t\t\t
\r\n\t\t\t

Threshold

\r\n\t\t\t		\r\n\t\t\t

₹20,000

\r\n\t\t\t		\r\n\t\t\t

₹20,000

\r\n\t\t\t
\r\n\t\t\t

Rate

\r\n\t\t\t		\r\n\t\t\t

10%

\r\n\t\t\t		\r\n\t\t\t

10%

\r\n\t\t\t
\r\n\r\n

✔ No change.

\r\n\r\n
 
\r\n\r\n

14. Cash Withdrawal

\r\n\r\n\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n
\r\n\t\t\t

Particular

\r\n\t\t\t		\r\n\t\t\t

Old Act (Sec 194N)

\r\n\t\t\t		\r\n\t\t\t

New Act (Clause 393 – Table)

\r\n\t\t\t
\r\n\t\t\t

Threshold

\r\n\t\t\t		\r\n\t\t\t

₹1 Crore

\r\n\t\t\t		\r\n\t\t\t

₹1 Crore

\r\n\t\t\t
\r\n\t\t\t

Rate

\r\n\t\t\t		\r\n\t\t\t

2%

\r\n\t\t\t		 
\r\n\t\t\t

Non-filers

\r\n\t\t\t		\r\n\t\t\t

2% / 5%

\r\n\t\t\t		 
\r\n\r\n

✔ Retained.

\r\n\r\n
 
\r\n\r\n

15. Lottery / Online Gaming

\r\n\r\n\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n
\r\n\t\t\t

Particular

\r\n\t\t\t		\r\n\t\t\t

Old Act (Sec 194B / 194BA)

\r\n\t\t\t		\r\n\t\t\t

New Act (Clause 393 – Table)

\r\n\t\t\t
\r\n\t\t\t

Threshold

\r\n\t\t\t		\r\n\t\t\t

₹10,000

\r\n\t\t\t		\r\n\t\t\t

₹10,000

\r\n\t\t\t
\r\n\t\t\t

Rate

\r\n\t\t\t		\r\n\t\t\t

30%

\r\n\t\t\t		\r\n\t\t\t

30%

\r\n\t\t\t
\r\n\r\n

✔ No change.

\r\n\r\n
 
\r\n\r\n

16. Insurance Commission

\r\n\r\n\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n
\r\n\t\t\t

Particular

\r\n\t\t\t		\r\n\t\t\t

Old Act (Sec 194D)

\r\n\t\t\t		\r\n\t\t\t

New Act (Clause 393 – Table)

\r\n\t\t\t
\r\n\t\t\t

Threshold

\r\n\t\t\t		\r\n\t\t\t

₹15,000

\r\n\t\t\t		\r\n\t\t\t

₹20,000

\r\n\t\t\t
\r\n\t\t\t

Rate

\r\n\t\t\t		\r\n\t\t\t

5%

\r\n\t\t\t		\r\n\t\t\t

5%

\r\n\t\t\t
\r\n\r\n

✔ Threshold aligned.

\r\n\r\n
 
\r\n\r\n

17. Non-Resident Payments

\r\n\r\n\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n
\r\n\t\t\t

Particular

\r\n\t\t\t		\r\n\t\t\t

Old Act (Sec 195)

\r\n\t\t\t		\r\n\t\t\t

New Act (Clause 393 – Table)

\r\n\t\t\t
\r\n\t\t\t

Threshold

\r\n\t\t\t		\r\n\t\t\t

No minimum

\r\n\t\t\t		\r\n\t\t\t

No minimum

\r\n\t\t\t
\r\n\t\t\t

Rate

\r\n\t\t\t		\r\n\t\t\t

Rates in Force

\r\n\t\t\t		\r\n\t\t\t

Rates in Force

\r\n\t\t\t
\r\n\r\n

✔ No structural change.

\r\n\r\n
 
\r\n\r\n

18. PAN Not Furnished

\r\n\r\n\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n\t\r\n\t\t\r\n\t\t\t\r\n\t\t\t\r\n\t\t\r\n\t\r\n
\r\n\t\t\t

Old Act (Sec 206AA)

\r\n\t\t\t		\r\n\t\t\t

New Act (Clause 393 + Compliance Clause)

\r\n\t\t\t
\r\n\t\t\t

20% or applicable rate

\r\n\t\t\t		\r\n\t\t\t

20% or applicable rate

\r\n\t\t\t
\r\n\r\n
\r\n
\r\n\r\n

 Compliance Mechanics (Same in Substance)

\r\n\r\n\r\n\r\n
 
\r\n\r\n
 
\r\n\r\n

 

","created_at":"2026-02-20T15:34:35.956251+05:30","updated_at":"2026-02-21T14:41:02.219341+05:30","slug":"from-1961-to-2025-navigating-the-new-era-of-indian","image":"https://wraptaxmedia.s3.amazonaws.com/blog_images/thumbnail_final.png","keywords":"TDSComparison\r\nIncomeTax\r\nUpdates\r\nTDS\r\nBLOG","tags":[{"id":7,"name":"Updates"},{"id":5,"name":"Income Tax"},{"id":16,"name":"TDS"}],"catagory":[{"id":5,"name":"Updates"},{"id":6,"name":"Income Tax"}],"author":{"id":413,"name":"PRATHAM GUPTA","photo":"https://wraptaxmedia.s3.amazonaws.com/author_photos/WhatsApp_Image_2025-10-15_at_11.21.49_AMedited.jpeg","qualification":"CA Finalist","bio":"Income Tax | GST | International Taxation Matters"}}]}