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of <h1>Income Tax Bill 2025 Clause 393(1) requires 10% TDS on real estate development agreements with no threshold limit</h1> The Income Tax Bill 2025's Clause 393(1) introduces TDS provisions for real estate development agreements, mirroring Section 194IC of the Income-tax Act 1961. Both provisions require 10% TDS on monetary consideration paid under joint development agreements, excluding in-kind payments. The new clause applies to payments under agreements referenced in section 67(14), with no threshold limit and deduction at credit or payment, whichever is earlier. Key improvements include clearer tabular presentation and explicit precedence rules when multiple TDS provisions apply. The provision aims to enhance tax compliance and transparency in real estate transactions involving landowners and developers, though practical challenges remain regarding hybrid consideration arrangements and refund processes.
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