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of <h1>Income Tax Bill 2025 Clause 393 introduces uniform 2% TDS rate on rent for non-specified persons</h1> The Income Tax Bill 2025's Clause 393 modernizes TDS provisions on rent, largely maintaining the framework of existing Section 194I. Key changes include uniform 2% TDS rate for non-specified persons regardless of asset type, compared to current differentiated rates (2% for machinery, 10% for land/buildings). Specified persons continue with existing bifurcated rates. The Rs. 50,000 monthly threshold remains unchanged. REIT exemptions for directly owned real estate assets are preserved. The Bill aims to simplify compliance while ensuring revenue collection, though the uniform rate for non-specified persons represents a significant departure from current law, potentially impacting land/building rent payments.
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