Specified person classification determines TDS, TCS, contract payments, virtual digital asset transfers, and tax treatment for qualifying entities.

"Specified person" has provision-specific meanings for TDS, TCS, contractor payments, virtual digital asset transfers, charitable entities and partnership-related taxation. Under the 2025 framework, it generally includes non-individuals and qualifying individuals or Hindu undivided families exceeding prescribed turnover or receipts thresholds. For contractor payments, the term extends to governments, statutory and institutional bodies, trusts, universities, foreign entities, firms and qualifying persons. For virtual digital asset transfers, it applies to individuals and Hindu undivided families below prescribed thresholds or without business or professional income.

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