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        Bills

        TDS rate reduction for section 194LBC

        1 February, 2025

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        Union Budget 2025-26 (Full) + Finance Bill, 2025

        I. TDS rate reduction for section 194LBC

        Section 194LBC of the Act requires that where any income is payable by a securitisation trust to an investor, being a resident, in respect of an investment in a securitisation trust as specified therein, the person responsible for making the payment shall, deduct income-tax, at the rate of 25%, if the payee is an individual or a Hindu undivided family and 30%, if the payee is any other person.

        2. It is proposed that TDS rate under section 194LBC of the Act be reduced from 25% and 30% to 10% as this sector is sufficiently organized and regulated.

        3. This amendment will take effect from the 1st day of April 2025.

        [Clause 63]

         

        Full Text:

        Union Budget 2025-26 (Full) + Finance Bill, 2025

        TDS rate reduction for securitisation trust payments under section 194LBC lowers withholding and eases compliance. The Finance Bill reduces TDS under section 194LBC on income paid by securitisation trusts to resident investors from the earlier rates of 25% (individuals/HUF) and 30% (others) to a uniform 10%, on the basis that the sector is sufficiently organised and regulated; the amendment takes effect from 1 April 2025 as Clause 63 of the Bill.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              TDS rate reduction for securitisation trust payments under section 194LBC lowers withholding and eases compliance.

                              The Finance Bill reduces TDS under section 194LBC on income paid by securitisation trusts to resident investors from the earlier rates of 25% (individuals/HUF) and 30% (others) to a uniform 10%, on the basis that the sector is sufficiently organised and regulated; the amendment takes effect from 1 April 2025 as Clause 63 of the Bill.


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