Section 393(1); Table [For Payment to Resident]-Other Cases

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....nior citizen after eligible deductions and rebate(Chapter VIII and section 156) Specified Bank Rates in force As applicable 8(iv) Benefit or perquisite arising from business or profession(Any mode) Specified person 10% of the value of benefit or perquisite Rs.20,000 8(v) Sale of goods or provision of services through an e-commerce operator(Precedence over other) E-commerce operator 0.1% of gross amount Nil 8(vi) Consideration for transfer of a Virtual Digital Asset Any person 1% Nil Sl. No. 8(i) - Sum under a Life Insurance Policy This clause applies to any sum received under a life insurance policy, including any bonus all....

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....ate under section 156. The salient features are- • tax is deductible by the Specified Bank; • deduction is at Rates in force; and • the applicable threshold depends upon the tax liability determined after giving effect to the deductions and rebate.(If it exceeds basic exemption limit).  Note 5 This provision takes precedence over every other provision of the Chapter. Accordingly, where Sl. No. 8(iii) applies, tax is required to be deducted only under this clause.   Sl. No. 8(iv) - Benefit or Perquisite arising from Business or Profession This clause applies where a resident receives any benefit or perquisite arising from business or the exercise of a profession....

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.... • this provision takes precedence over all other TDS provisions; • payments made directly by the purchaser to the e-commerce participant are deemed to have been made by the e-commerce operator; • once tax is deducted under this clause, no further TDS is required under any other provision of the Chapter in respect of the same transaction; • the overriding provision does not apply to receipts for advertisements or other independent services not connected with the sale of goods or services. Thus, the provision establishes a self-contained mechanism for TDS on e-commerce transactions. Sl. No. 8(vi) - Virtual Digital Assets This clause applies to consideration for transfe....

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....ce provision where both could otherwise apply. Exception: • Section 393(4); Table S.No. 11 • Section 393(4); Table S.No. 12 Comparative Analysis: Sections 194DA, 194Q, 194P, 194R, 194-O & 194S (Income-tax Act, 1961) vs. Section 393(1), Sl. No. 8 (Income-tax Act, 2025) Particulars Section 393(1), Sl. No. 8(i) (IT Act, 2025) Section 194DA (IT Act, 1961) Section 393(1), Sl. No. 8(ii) (IT Act, 2025) Section 194Q (IT Act, 1961) Nature of payment Sum under a life insurance policy including bonus (other than exempt amount Schedule II, S.No 2) Sum under life insurance policy not exempt u/s 10(10D) Purchase of goods Purchase of goods Deductor Any ....

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....ator) Non Applicability No such Provision Turnover of individual/HUF< 1 crs or 50 lakhs in preceding financial year Turnover of E-commerce participant(Individual/HUF)< 5 lakhs in preceding financial year and PAN/Aadhar has been furnished.&nbsp; Turnover of E-commerce participant(Individual/HUF)< 5 lakhs in preceding financial year and PAN/Aadhar has been furnished. &nbsp; Particulars Section 393(1), Sl. No. 8(vi) (IT Act, 2025) Section 194S (IT Act, 1961) Section 393(1), Sl. No. 8(iii) (IT Act, 2025) Section 194P (IT Act, 1961) Nature of payment Consideration for transfer of Virtual Digital Asset (VDA) Transfer of Virtual Digital Asset Total income of specified s....