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of <h1>Income Tax Bill 2025 Clause 393(2) maintains existing TDS rates on cross-border investments with structural improvements</h1> The Income Tax Bill 2025's Clause 393(2) provisions for tax deduction at source on cross-border investment income largely mirror existing Section 196C of the Income-tax Act 1961. Both apply 10% TDS on interest/dividends and 12.5% on long-term capital gains from foreign currency bonds and Global Depository Receipts issued to non-residents. The Bill consolidates TDS provisions into a single tabular format, references section 209 instead of 115AC for qualifying instruments, and incorporates recent capital gains rate increases. Key similarities include timing of deduction, payer obligations, and procedural requirements, while differences involve legislative structure modernization and explicit incorporation of recent amendments for enhanced clarity and compliance.
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