Specified person definitions vary across withholding, contractor payments, virtual digital asset transfers, partnership distributions, and charitable entity taxation.

"Specified person" has distinct meanings depending on the relevant income-tax provision. For TDS/TCS purposes, it generally includes non-individuals and larger individuals or Hindu undivided families meeting prescribed turnover thresholds. For contractor payments, it covers governments, corporations, companies, trusts, universities, foreign entities, firms and other qualifying persons. For virtual digital asset transfers, it covers smaller individuals or Hindu undivided families and those without business or professional income. It also includes certain charitable, educational and medical entities for specified tax purposes.

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