What are the recent amendments or changes related to TDS provisions introduced by the Finance Act 2025?

The Finance Act 2025 introduced several changes to the TDS provisions, aiming to simplify compliance and enhance tax collection. One notable change is the introduction of a higher TDS rate of 10% on interest payments to non-residents under Section 194A, effective from April 1, 2025. Additionally, the threshold limit for TDS on professional fees under Section 194J has been increased from Rs. 30,000 to Rs. 50,000 to reduce compliance burden for small transactions. The Finance Act 2025 also clarified the applicability of TDS provisions on certain types of payments, such as those made to e-commerce operators.