@mudraforge/statutory 2.11.0 → 2.13.0

package/okf/corporate_ma_restructuring/tax_clearance_sec281/ast.json

@@ -0,0 +1,21 @@
+{
+  "sectionId": "ITACT1961_SEC281",
+  "version": "1.0.0",
+  "governingStatute": "Income-tax Act, 1961",
+  "statutorySection": "Section 281",
+  "successorStatute": "Income-tax Act, 2025",
+  "successorSection": "Section 281 equivalent",
+  "triggerPolicy": {
+    "type": "TRANSACTION_DATE",
+    "description": "Evaluation of asset transfer during pending tax assessment proceedings"
+  },
+  "computation": {
+    "archetype": "TAX_CLEARANCE_VOID_TRANSFER_SEC281",
+    "deMinimisDemandInr": 5000,
+    "deMinimisAssetInr": 10000
+  },
+  "rounding": {
+    "transactionLine": "COMMERCIAL_PAISA",
+    "assessmentTotal": "COMMERCIAL_PAISA"
+  }
+}

package/okf/direct_tax/corporate_tax_115baa_115jb/ast.json

@@ -0,0 +1,23 @@
+{
+  "sectionId": "ITACT1961_SEC115BAA_115JB",
+  "version": "1.0.0",
+  "governingStatute": "Income-tax Act, 1961",
+  "statutorySection": "Sections 115BAA, 115JB & 115JAA",
+  "successorStatute": "Income-tax Act, 2025",
+  "successorSection": "Section 115BAA & MAT equivalents",
+  "triggerPolicy": {
+    "type": "FISCAL_YEAR_END",
+    "description": "Annual Corporate Tax Return filing & MAT comparison"
+  },
+  "computation": {
+    "archetype": "CORPORATE_TAX_MAT_VS_CONCESSIONAL",
+    "concessionalBaseRate": 0.22,
+    "matBaseRate": 0.15,
+    "surchargeConcessional": 0.1,
+    "cessRate": 0.04
+  },
+  "rounding": {
+    "transactionLine": "COMMERCIAL_PAISA",
+    "assessmentTotal": "COMMERCIAL_PAISA"
+  }
+}

package/okf/direct_tax/income_taxes_deferred_tax_indas_12/ast.json

@@ -0,0 +1,20 @@
+{
+  "sectionId": "INDAS12_INCOME_TAXES",
+  "version": "1.0.0",
+  "governingStatute": "Companies (Indian Accounting Standards) Rules, 2015",
+  "statutorySection": "Ind AS 12 / ASC 740",
+  "successorStatute": "Ind AS 12",
+  "successorSection": "Ind AS 12",
+  "triggerPolicy": {
+    "type": "FISCAL_YEAR_END",
+    "description": "Period-end tax balance sheet timing difference recognition"
+  },
+  "computation": {
+    "archetype": "DEFERRED_TAX_TIMING_DIFFERENCE",
+    "prudenceTest": "PROBABLE_FUTURE_TAXABLE_PROFIT"
+  },
+  "rounding": {
+    "transactionLine": "COMMERCIAL_PAISA",
+    "assessmentTotal": "COMMERCIAL_PAISA"
+  }
+}

package/okf/direct_tax/income_taxes_deferred_tax_indas_12/circulars/mca_notification_indas_12_income_taxes.md

@@ -0,0 +1,40 @@
+---
+id: mca_notification_indas_12_income_taxes
+title: Ministry of Corporate Affairs Notification on Ind AS 12 Income Taxes & Deferred Tax Balance Sheet Mechanics
+authority: Ministry of Corporate Affairs (MCA)
+date: 2015-02-16
+statutory_section: Ind AS 12 read with Section 133 of Companies Act 2013 and Income-tax Act 1961
+valid_from: 2015-04-01
+valid_to: OPEN_ENDED
+temporal_status: ACTIVE
+official_url: https://www.mca.gov.in/content/mca/global/en/acts-rules/ebooks/accounting-standards.html
+---
+
+# MCA Notification: Companies (Indian Accounting Standards) Rules, 2015 — Ind AS 12 Income Taxes
+
+## 1. Executive Summary & Balance Sheet Approach
+Ind AS 12 prescribes the accounting treatment for income taxes. It mandates the **balance sheet liability method**, focusing on temporary differences between the carrying amount of an asset or liability in the balance sheet and its tax base under the Income-tax Act, 1961.
+
+## 2. Deferred Tax Assets (DTA) & Statutory Disallowance Bridging
+A Deferred Tax Asset is recognized for deductible temporary differences, unabsorbed business losses, and unabsorbed depreciation, subject to the test of probable future taxable profits:
+1. **Section 43B(h) (Delayed MSME Payments)**:
+   - Amounts disallowed in current fiscal year due to payment beyond 15/45 days are deductible in the subsequent fiscal year when paid.
+   - Generates a **Deferred Tax Asset** in the year of disallowance equal to `Disallowed MSME Payable × Enacted Tax Rate`.
+2. **Section 36(1)(vii) / Section 40A(9) (Ind AS 109 ECL Loss Allowance)**:
+   - ECL credit impairment charged to P&L is disallowed until actual write-off.
+   - Generates a **Deferred Tax Asset** equal to `ECL Loss Allowance × Enacted Tax Rate`.
+3. **Section 43B General Dues (Bonus, Gratuity, PF, Leave Encashment)**:
+   - Unpaid statutory payables create deductible temporary differences and DTA.
+4. **Ind AS 116 Lease Liability vs ROU Asset**:
+   - Initial and ongoing difference between lease liability and ROU asset carrying amounts yields a net temporary difference.
+
+## 3. Deferred Tax Liabilities (DTL) & Accelerated Tax Depreciation
+A Deferred Tax Liability is recognized for all taxable temporary differences:
+1. **Section 32 Accelerated Tax Depreciation**:
+   - In early years of asset acquisition, tax depreciation under the Section 32 block of assets (WDV method) exceeds book straight-line depreciation under Schedule II.
+   - The carrying amount of the asset in books exceeds its tax base, generating a mandatory **Deferred Tax Liability**.
+
+## 4. Effective Tax Rate (ETR) Reconciliation Requirement
+Entities must disclose a numerical reconciliation between:
+- Accounting profit multiplied by the applicable statutory tax rate (e.g. 25.168% for domestic companies under Section 115BAA); and
+- The actual tax expense reported in the Statement of Profit and Loss, explaining tax-exempt income, non-deductible penalties, corporate tax rate differentials, and unrecognized tax losses.

package/okf/direct_tax/income_taxes_deferred_tax_indas_12/forms/deferred_tax_asset_liability_reconciliation_schedule.json

@@ -0,0 +1,46 @@
+{
+  "$schema": "https://json-schema.org/draft/2020-12/schema",
+  "title": "Ind AS 12 / ASC 740 Deferred Tax Asset & Liability Reconciliation Schedule",
+  "description": "Calculates temporary differences, closing DTA and DTL balances, P&L tax expense, and Effective Tax Rate (ETR) reconciliation.",
+  "type": "object",
+  "required": [
+    "financialYear",
+    "accountingProfitBeforeTaxInr",
+    "enactedTaxRatePercent",
+    "temporaryDifferences"
+  ],
+  "properties": {
+    "financialYear": {
+      "type": "string",
+      "pattern": "^20[0-9]{2}-[0-9]{2}$",
+      "description": "e.g., '2025-26'"
+    },
+    "accountingProfitBeforeTaxInr": {
+      "type": "number",
+      "description": "Profit before tax per Statement of Profit and Loss"
+    },
+    "enactedTaxRatePercent": {
+      "type": "number",
+      "minimum": 0,
+      "maximum": 50,
+      "default": 25.168,
+      "description": "Applicable statutory corporate tax rate including surcharge and cess (e.g. 25.168% for Sec 115BAA)"
+    },
+    "temporaryDifferences": {
+      "type": "object",
+      "properties": {
+        "msmeDisallowanceSec43bHInr": { "type": "number", "minimum": 0, "default": 0 },
+        "statutoryDuesUnpaidSec43BInr": { "type": "number", "minimum": 0, "default": 0 },
+        "eclLossAllowanceIndAs109Inr": { "type": "number", "minimum": 0, "default": 0 },
+        "leaseLiabilityNetIndAs116Inr": { "type": "number", "minimum": 0, "default": 0 },
+        "esopReserveUnvestedIndAs102Inr": { "type": "number", "minimum": 0, "default": 0 },
+        "acceleratedTaxDepreciationSec32Inr": { "type": "number", "minimum": 0, "default": 0 }
+      }
+    },
+    "permanentDifferencesInr": {
+      "type": "number",
+      "default": 0,
+      "description": "Permanent non-deductible expenses (e.g., penalties, CSR expenditure u/s 37(1))"
+    }
+  }
+}

package/okf/direct_tax/income_taxes_deferred_tax_indas_12/section.json

@@ -0,0 +1,61 @@
+{
+  "sectionId": "INDAS_12_IAS_12_ASC_740_INCOME_TAXES",
+  "sectionCode": "INDAS-12-ASC-740",
+  "aliases": [
+    "Ind AS 12",
+    "IAS 12",
+    "ASC 740",
+    "deferred tax",
+    "DTA",
+    "DTL",
+    "deferred tax asset",
+    "deferred tax liability",
+    "temporary difference",
+    "effective tax rate",
+    "ETR reconciliation",
+    "book tax difference"
+  ],
+  "governingStatute": "Companies (Indian Accounting Standards) Rules, 2015 read with Section 133 of Companies Act, 2013, Income-tax Act, 1961, and US GAAP FASB ASC Topic 740 (Income Taxes)",
+  "statutorySection": "Ind AS 12 (Income Taxes) converged with IAS 12 and aligned with US GAAP ASC 740",
+  "successorStatute": "Companies Act, 2013 (Indian Accounting Standards)",
+  "successorSection": "Ind AS 12",
+  "title": "Income Taxes & Deferred Tax Accounting (Balance Sheet Temporary Differences & Effective Tax Rate Reconciliation)",
+  "effectivePeriod": {
+    "validFrom": "2015-04-01",
+    "validTo": "OPEN_ENDED",
+    "annualReset": "Annual and quarterly remeasurement of temporary differences, DTA recoverability test, and enacted tax rate changes",
+    "sunsetNotes": "Mandatory standard notified via MCA G.S.R. 111(E) effective FY 2015-16 onwards."
+  },
+  "plainTextSummary": "Under Ind AS 12 (converged with IAS 12 and aligned with US GAAP ASC 740), income taxes comprise current tax and deferred tax. Current tax represents the amount of income taxes payable or recoverable in respect of the taxable profit or tax loss for the period, calculated using enacted tax rates (e.g. 25.168% under Section 115BAA or 30% plus surcharge and cess). Deferred tax is accounted for using the balance sheet liability method, measuring temporary differences between the carrying amounts of assets and liabilities in the financial statements and their corresponding tax bases. Deductible temporary differences generate Deferred Tax Assets (DTAs), such as statutory disallowances for delayed MSME payments under Section 43B(h), unpaid employee benefits under Section 43B, Expected Credit Loss provisions under Ind AS 109 disallowed under Section 36(1)(vii), and lease liabilities under Ind AS 116. DTAs are recognized only to the extent that it is probable that future taxable profit will be available against which the deductible temporary differences can be utilized. Taxable temporary differences generate Deferred Tax Liabilities (DTLs), primarily arising from accelerated tax depreciation claimed under Section 32 of the Income-tax Act, 1961 exceeding straight-line book depreciation under Companies Act Schedule II. The net deferred tax charge or credit is recognized in the Statement of Profit and Loss, except for items recognized in Other Comprehensive Income (OCI) or directly in equity. The standard requires formal disclosure of an Effective Tax Rate (ETR) reconciliation explaining the variance between the accounting tax expense and the product of accounting profit multiplied by the applicable statutory tax rate.",
+  "keyStatutoryThresholds": {
+    "balanceSheetApproachMandatory": true,
+    "dtaRecognitionPrudenceStandard": "PROBABLE_FUTURE_TAXABLE_PROFIT",
+    "corporateConcessionalTaxRateSec115BAA": 0.25168,
+    "corporateStandardTaxRate": 0.30,
+    "temporaryDifferencesTrackedCount": 6,
+    "effectiveTaxRateReconciliationMandatory": true
+  },
+  "officialCitations": [
+    {
+      "authority": "Ministry of Corporate Affairs (MCA)",
+      "instrument": "Companies (Indian Accounting Standards) Rules, 2015 (G.S.R. 111(E))",
+      "subject": "Notification of Ind AS 12 Income Taxes",
+      "officialUrl": "https://www.mca.gov.in/content/mca/global/en/acts-rules/ebooks/accounting-standards.html"
+    },
+    {
+      "authority": "Institute of Chartered Accountants of India (ICAI)",
+      "instrument": "ICAI Guidance Note on Accounting for Taxes on Income under Ind AS 12",
+      "subject": "Comprehensive guidance on temporary differences, tax base derivation, and DTA recoverability assessment",
+      "officialUrl": "https://www.icai.org/post.html?post_id=14323"
+    }
+  ],
+  "requiredDocumentChecklist": [
+    "Tax Audit Report Form 3CD Clause 21 / 26 Disallowance Schedule",
+    "Depreciation Comparison Schedule: Companies Act Schedule II vs Income-tax Act Section 32 WDV Block",
+    "Detailed Deferred Tax Working Paper (DTA/DTL line-by-line derivation)",
+    "Effective Tax Rate (ETR) Numerical Reconciliation Statement",
+    "Management Assessment of DTA Recoverability & Future Taxable Profit Projections"
+  ],
+  "tier": "PUBLIC_COMMONS_FREE",
+  "version": "2.11.0"
+}

package/okf/direct_tax/special_rates_non_filer_206ab/ast.json

@@ -0,0 +1,26 @@
+{
+  "sectionId": "ITACT1961_SEC206AB",
+  "version": "1.0.0",
+  "governingStatute": "Income-tax Act, 1961",
+  "statutorySection": "Section 206AB",
+  "successorStatute": "Income-tax Act, 2025",
+  "successorSection": "Omitted w.e.f. 1 April 2025 by Finance Act, 2025",
+  "triggerPolicy": {
+    "type": "EARLIER_OF",
+    "events": [
+      "creditDate",
+      "paymentDate"
+    ],
+    "description": "Earlier of credit or payment for non-compliant specified persons"
+  },
+  "computation": {
+    "archetype": "NON_FILER_PENAL_RATE_206AB",
+    "multiplier": 2,
+    "minimumPenalRatePercent": 5,
+    "sunsetOmissionDate": "2025-04-01"
+  },
+  "rounding": {
+    "transactionLine": "COMMERCIAL_PAISA",
+    "assessmentTotal": "COMMERCIAL_PAISA"
+  }
+}

package/okf/direct_tax/statutory_disallowance_43b/ast.json

@@ -0,0 +1,35 @@
+{
+  "sectionId": "ITACT1961_SEC43BH",
+  "version": "1.0.0",
+  "governingStatute": "Income-tax Act, 1961",
+  "statutorySection": "Section 43B(h)",
+  "successorStatute": "Income-tax Act, 2025",
+  "successorSection": "Section 37(2)(g)",
+  "triggerPolicy": {
+    "type": "PAYMENT_ONLY",
+    "description": "Evaluated against invoice date, agreed terms, and March 31 fiscal year-end boundary"
+  },
+  "guards": [
+    {
+      "id": "GUARD_TRADER_EXCLUSION",
+      "field": "isTrader",
+      "operator": "IS_TRUE",
+      "onMatch": {
+        "action": "HALT_EXEMPT",
+        "disposition": "EXEMPT_TRADER_NOT_GOVERNED_BY_43BH",
+        "reason": "Retail and wholesale trade (NIC 45, 46, 47) excluded from Section 43B(h) per Ministry OM 02.07.2021"
+      }
+    }
+  ],
+  "computation": {
+    "archetype": "MSME_FISCAL_BOUNDARY_43BH",
+    "maxWrittenDays": 45,
+    "statutoryBaselineDays": 15,
+    "fiscalYearBoundaryMonth": 3,
+    "fiscalYearBoundaryDay": 31
+  },
+  "rounding": {
+    "transactionLine": "COMMERCIAL_PAISA",
+    "assessmentTotal": "INCOME_TAX_ACT_1961_SEC288B"
+  }
+}

package/okf/direct_tax/tcs_goods_206c_1h/ast.json

@@ -0,0 +1,69 @@
+{
+  "$schema": "https://mudraforge.in/schemas/statutory-ast-v2.1.json",
+  "sectionId": "ITA1961_SEC206C_1H",
+  "version": "2.1.0",
+  "title": "TCS on Sale of Goods Exceeding Fifty Lakh Rupees",
+  "governingStatute": "Income-tax Act, 1961",
+  "statutorySection": "Section 206C(1H)",
+  "successorStatute": "Income-tax Act, 2025",
+  "successorSection": "Section 206C(1H) (Omitted w.e.f. 1 April 2025)",
+  "successorTableItem": "OMITTED_SUNSET_BY_FINANCE_ACT_2025",
+  "transitionalCutoverDate": "2025-04-01",
+  "effectivePeriod": {
+    "validFrom": "2020-10-01",
+    "validTo": "2025-03-31"
+  },
+  "triggerPolicy": {
+    "type": "DEBIT_OR_RECEIPT",
+    "events": [
+      "PAYMENT_DISBURSEMENT"
+    ],
+    "statutoryBasis": "Section 206C(1H) at the time of receipt of amount"
+  },
+  "guards": [
+    {
+      "id": "GUARD_SUNSET_OMITTED_FINANCE_ACT_2025",
+      "field": "isPostSunset2025",
+      "operator": "EQ",
+      "value": true,
+      "onMatch": {
+        "action": "HALT_EXEMPT",
+        "disposition": "OMITTED_SUNSET_BY_FINANCE_ACT_2025",
+        "reason": "Section 206C(1H) was omitted effective 1 April 2025 by Finance Act, 2025."
+      }
+    },
+    {
+      "id": "GUARD_BUYER_LIABLE_FOR_194Q",
+      "field": "isBuyerDeducting194Q",
+      "operator": "EQ",
+      "value": true,
+      "onMatch": {
+        "action": "HALT_EXEMPT",
+        "disposition": "EXEMPT_BUYER_DEDUCTING_194Q",
+        "reason": "Section 206C(1H) second proviso: TCS not applicable if buyer is liable and deducting TDS under 194Q."
+      }
+    },
+    {
+      "id": "GUARD_MISSING_PAN_TCS_1_PERCENT",
+      "field": "payee.isPanValid",
+      "operator": "EQ",
+      "value": false,
+      "onMatch": {
+        "action": "OVERRIDE_RATE",
+        "overrideRateBps": 100,
+        "governingSection1961": "Section 206C(1H) Second Proviso (1% cap)",
+        "governingSection2025": "Section 206C(1H)"
+      }
+    }
+  ],
+  "computation": {
+    "archetype": "EXCESS_OVER_THRESHOLD",
+    "thresholdPaisa": "500000000",
+    "standardRateBps": 10,
+    "baseDetermination": "CUMULATIVE_RECEIPTS_IN_FINANCIAL_YEAR"
+  },
+  "rounding": {
+    "transactionLine": "COMMERCIAL_PAISA",
+    "assessmentTotal": "INCOME_TAX_ACT_1961_SEC288B"
+  }
+}

package/okf/direct_tax/tds_commission_194h/ast.json

@@ -0,0 +1,60 @@
+{
+  "$schema": "https://mudraforge.in/schemas/statutory-ast-v2.1.json",
+  "sectionId": "ITA1961_SEC194H",
+  "version": "2.1.0",
+  "title": "TDS on Commission or Brokerage",
+  "governingStatute": "Income-tax Act, 1961",
+  "statutorySection": "Section 194H",
+  "successorStatute": "Income-tax Act, 2025",
+  "successorSection": "Section 393(1), Table 1, Sl. No. 1(ii)",
+  "successorTableItem": "TABLE_1_SL_NO_1_II_COMMISSION",
+  "transitionalCutoverDate": "2026-04-01",
+  "effectivePeriod": {
+    "validFrom": "2001-06-01",
+    "validTo": null
+  },
+  "triggerPolicy": {
+    "type": "EARLIER_OF",
+    "events": [
+      "BOOK_CREDIT",
+      "PAYMENT_DISBURSEMENT"
+    ],
+    "statutoryBasis": "Section 194H earlier of credit or payment"
+  },
+  "guards": [
+    {
+      "id": "GUARD_MISSING_PAN_206AA",
+      "field": "payee.isPanValid",
+      "operator": "EQ",
+      "value": false,
+      "onMatch": {
+        "action": "OVERRIDE_RATE",
+        "overrideRateBps": 2000,
+        "governingSection1961": "Section 206AA (20% missing PAN)",
+        "governingSection2025": "Section 397(2) (20% missing PAN)"
+      }
+    },
+    {
+      "id": "GUARD_PRE_OCTOBER_2024_5_PERCENT",
+      "field": "isPreOctober2024",
+      "operator": "EQ",
+      "value": true,
+      "onMatch": {
+        "action": "OVERRIDE_RATE",
+        "overrideRateBps": 500,
+        "governingSection1961": "Section 194H prior to Finance (No. 2) Act 2024 (5%)",
+        "governingSection2025": "Section 393(1)"
+      }
+    }
+  ],
+  "computation": {
+    "archetype": "CLIFF_THRESHOLD",
+    "thresholdPaisa": "1500000",
+    "standardRateBps": 200,
+    "baseDetermination": "ANNUAL_AGGREGATE"
+  },
+  "rounding": {
+    "transactionLine": "COMMERCIAL_PAISA",
+    "assessmentTotal": "INCOME_TAX_ACT_1961_SEC288B"
+  }
+}

package/okf/direct_tax/tds_commission_194h/section.json

@@ -13,17 +13,18 @@
   "governingStatute": "Income-tax Act, 1961 (Act No. 43 of 1961)",
   "statutorySection": "Section 194H",
   "successorStatute": "Income-tax Act, 2025",
-  "successorSection": "Section 393(1), Table 4, Item (i)",
+  "successorSection": "Section 393(1), Table 1, Sl. No. 1(ii)",
   "title": "Deduction of tax at source on commission or brokerage",
   "effectivePeriod": {
     "validFrom": "2001-06-01",
     "validTo": "2026-03-31",
     "annualReset": "Every April 1 (Cumulative Commission Resets Annually)",
-    "sunsetNotes": "Transitions to Section 393(1) Table 4 Item (i) of the Income-tax Act, 2025 effective 1 April 2026."
+    "sunsetNotes": "Transitions to Section 393(1), Table 1, Sl. No. 1(ii) of the Income-tax Act, 2025 effective 1 April 2026, where the statutory threshold increases to ₹20,000 per financial year for specified payers."
   },
-  "plainTextSummary": "Any person responsible for paying any income by way of commission or brokerage to a resident is required to deduct tax at source. Statutory Rate: 2% effective 1 October 2024 as amended by Finance (No. 2) Act, 2024 (prior to 1 October 2024, the rate was 5%). Threshold: Tax is deductible only if the aggregate amount of commission or brokerage credited or paid during the financial year exceeds ₹15,000. Statutory Exclusions: Does not apply to insurance commission (covered under Section 194D) or underwriting commission. Non-PAN penalty rate under Section 206AA is 20%. Under CBDT Circular 23/2017, where GST is separately stated, TDS applies on commission excluding GST.",
+  "plainTextSummary": "Any person responsible for paying any income by way of commission or brokerage to a resident is required to deduct tax at source. Statutory Rate: 2% effective 1 October 2024 as amended by Finance (No. 2) Act, 2024 (prior to 1 October 2024, the rate was 5%). Threshold: Under Section 194H of the 1961 Act, tax is deductible only if the aggregate amount of commission or brokerage credited or paid during the financial year exceeds ₹15,000. Under Section 393(1), Table 1, Sl. No. 1(ii) of the 2025 Act (w.e.f. 1 April 2026), the threshold increases to ₹20,000. Statutory Exclusions: Does not apply to insurance commission (covered under Section 194D / Section 393(1), Table 1, Sl. No. 1(i)) or underwriting commission. Non-PAN penalty rate under Section 206AA is 20%. Under CBDT Circular 23/2017, where GST is separately stated, TDS applies on commission excluding GST.",
   "keyStatutoryThresholds": {
     "annualAggregateThresholdInr": 15000,
+    "successorAct2025ThresholdInr": 20000,
     "standardRatePercent": 2,
     "preOct2024RatePercent": 5,
     "rateChangeEffectiveDate": "2024-10-01",
@@ -40,7 +41,7 @@
     },
     {
       "authority": "Parliament of India / Ministry of Finance",
-      "instrument": "Income-tax Act, 2025 Section 393(1), Table 4, Item (i)",
+      "instrument": "Income-tax Act, 2025 Section 393(1), Table 1, Sl. No. 1(ii)",
       "subject": "TDS on commission and brokerage under new Direct Tax Code",
       "officialUrl": "https://www.incometaxindia.gov.in/pages/acts/income-tax-act.aspx"
     },

package/okf/direct_tax/tds_contractor_194c/ast.json

@@ -0,0 +1,71 @@
+{
+  "$schema": "https://mudraforge.in/schemas/statutory-ast-v2.1.json",
+  "sectionId": "ITA1961_SEC194C",
+  "version": "2.1.0",
+  "title": "TDS on Payments to Contractors and Sub-Contractors",
+  "governingStatute": "Income-tax Act, 1961",
+  "statutorySection": "Section 194C",
+  "successorStatute": "Income-tax Act, 2025",
+  "successorSection": "Section 393(1), Table 1, Sl. No. 2",
+  "successorTableItem": "TABLE_1_SL_NO_2_CONTRACTORS",
+  "transitionalCutoverDate": "2026-04-01",
+  "effectivePeriod": {
+    "validFrom": "1972-06-01",
+    "validTo": null
+  },
+  "triggerPolicy": {
+    "type": "EARLIER_OF",
+    "events": [
+      "BOOK_CREDIT",
+      "PAYMENT_DISBURSEMENT"
+    ],
+    "statutoryBasis": "Section 194C(1) earlier of credit or payment"
+  },
+  "guards": [
+    {
+      "id": "GUARD_TRANSPORTER_EXEMPTION",
+      "field": "isTransporterExempt",
+      "operator": "EQ",
+      "value": true,
+      "onMatch": {
+        "action": "HALT_EXEMPT",
+        "disposition": "EXEMPT_TRANSPORTER_SECTION_194C_6",
+        "reason": "Section 194C(6): Goods transport operators owning ten or fewer carriages furnishing PAN declaration are exempt."
+      }
+    },
+    {
+      "id": "GUARD_MISSING_PAN_206AA",
+      "field": "payee.isPanValid",
+      "operator": "EQ",
+      "value": false,
+      "onMatch": {
+        "action": "OVERRIDE_RATE",
+        "overrideRateBps": 2000,
+        "governingSection1961": "Section 206AA (20% missing PAN)",
+        "governingSection2025": "Section 397(2) (20% missing PAN)"
+      }
+    },
+    {
+      "id": "GUARD_INDIVIDUAL_HUF_1_PERCENT",
+      "field": "isIndividualOrHuf",
+      "operator": "EQ",
+      "value": true,
+      "onMatch": {
+        "action": "OVERRIDE_RATE",
+        "overrideRateBps": 100,
+        "governingSection1961": "Section 194C(1)(a) (1% for Individual/HUF)",
+        "governingSection2025": "Section 393(1) Table 1 (1% for Individual/HUF)"
+      }
+    }
+  ],
+  "computation": {
+    "archetype": "CLIFF_THRESHOLD",
+    "thresholdPaisa": "3000000",
+    "standardRateBps": 200,
+    "baseDetermination": "CONTRACT_VALUE_OR_AGGREGATE_ANNUAL"
+  },
+  "rounding": {
+    "transactionLine": "COMMERCIAL_PAISA",
+    "assessmentTotal": "INCOME_TAX_ACT_1961_SEC288B"
+  }
+}

package/okf/direct_tax/tds_contractor_194c/section.json

@@ -13,13 +13,13 @@
   "governingStatute": "Income-tax Act, 1961 (Act No. 43 of 1961)",
   "statutorySection": "Section 194C",
   "successorStatute": "Income-tax Act, 2025",
-  "successorSection": "Section 393(1), Table 3, Item (i)",
+  "successorSection": "Section 393(1), Table 1, Sl. No. 6(i)",
   "title": "Deduction of tax at source on payments to contractors and sub-contractors",
   "effectivePeriod": {
     "validFrom": "1972-04-01",
     "validTo": "2026-03-31",
     "annualReset": "Every April 1 (Cumulative Invoices Reset Annually)",
-    "sunsetNotes": "Transitions to Section 393(1) Table 3 Item (i) of the Income-tax Act, 2025 effective 1 April 2026."
+    "sunsetNotes": "Transitions to Section 393(1), Table 1, Sl. No. 6(i) of the Income-tax Act, 2025 effective 1 April 2026."
   },
   "plainTextSummary": "Any person responsible for paying any sum to a resident contractor for carrying out any work (including supply of labour for carrying out any work) in pursuance of a contract between the contractor and a specified person must deduct tax at source. Statutory Rates: (a) 1% where the payment is being made or credited to an individual or a Hindu Undivided Family (HUF); (b) 2% where the payment is being made or credited to any person other than an individual or a HUF (companies, partnership firms, LLPs, AOPs, BOIs). Thresholds: Tax is deductible if a single contract or invoice exceeds ₹30,000, OR if the aggregate of amounts paid or credited to the contractor during the financial year exceeds ₹1,00,000. Transport Operator Exemption: Under Section 194C(6), no deduction shall be made from any sum credited or paid to a contractor during the course of business of plying, hiring, or leasing goods carriages, where such contractor owns 10 or fewer goods carriages at any time during the previous year and furnishes a declaration to that effect along with their PAN. Non-PAN penalty rate under Section 206AA is 20%.",
   "keyStatutoryThresholds": {
@@ -42,7 +42,7 @@
     },
     {
       "authority": "Parliament of India / Ministry of Finance",
-      "instrument": "Income-tax Act, 2025 Section 393(1), Table 3, Item (i)",
+      "instrument": "Income-tax Act, 2025 Section 393(1), Table 1, Sl. No. 6(i)",
       "subject": "TDS on contractor payments under new Direct Tax Code",
       "officialUrl": "https://www.incometaxindia.gov.in/pages/acts/income-tax-act.aspx"
     },

package/okf/direct_tax/tds_ecommerce_194o/ast.json

@@ -0,0 +1,48 @@
+{
+  "$schema": "https://mudraforge.in/schemas/statutory-ast-v2.1.json",
+  "sectionId": "ITA1961_SEC194O",
+  "version": "2.1.0",
+  "title": "TDS on Payments by E-Commerce Operator to E-Commerce Participants",
+  "governingStatute": "Income-tax Act, 1961",
+  "statutorySection": "Section 194O",
+  "successorStatute": "Income-tax Act, 2025",
+  "successorSection": "Section 393(1), Table 1, Sl. No. 15",
+  "successorTableItem": "TABLE_1_SL_NO_15_ECOMMERCE",
+  "transitionalCutoverDate": "2026-04-01",
+  "effectivePeriod": {
+    "validFrom": "2020-10-01",
+    "validTo": null
+  },
+  "triggerPolicy": {
+    "type": "EARLIER_OF",
+    "events": [
+      "BOOK_CREDIT",
+      "PAYMENT_DISBURSEMENT"
+    ],
+    "statutoryBasis": "Section 194O earlier of credit or payment"
+  },
+  "guards": [
+    {
+      "id": "GUARD_MISSING_PAN_5_PERCENT",
+      "field": "payee.isPanValid",
+      "operator": "EQ",
+      "value": false,
+      "onMatch": {
+        "action": "OVERRIDE_RATE",
+        "overrideRateBps": 500,
+        "governingSection1961": "Section 206AA Second Proviso (5% e-commerce cap)",
+        "governingSection2025": "Section 397(2)"
+      }
+    }
+  ],
+  "computation": {
+    "archetype": "FLAT_RATE",
+    "thresholdPaisa": "0",
+    "standardRateBps": 10,
+    "baseDetermination": "GROSS_SALE_CONSIDERATION"
+  },
+  "rounding": {
+    "transactionLine": "COMMERCIAL_PAISA",
+    "assessmentTotal": "INCOME_TAX_ACT_1961_SEC288B"
+  }
+}

package/okf/direct_tax/tds_ecommerce_194o/section.json

@@ -15,13 +15,13 @@
   "governingStatute": "Income-tax Act, 1961 (Act No. 43 of 1961)",
   "statutorySection": "Section 194O",
   "successorStatute": "Income-tax Act, 2025",
-  "successorSection": "Section 393(1), Table 8, Item (i)",
+  "successorSection": "Section 393(1), Table 1, Sl. No. 8(i)",
   "title": "Payment of certain sums by e-commerce operator to e-commerce participant",
   "effectivePeriod": {
     "validFrom": "2020-10-01",
     "validTo": "2026-03-31",
     "annualReset": "Every April 1 (Cumulative Platform Sales Reset Annually)",
-    "sunsetNotes": "Rate reduced from 1% to 0.1% w.e.f. 1 October 2024 by Finance (No. 2) Act, 2024. Transitions to Section 393(1) Table 8 Item (i) of the Income-tax Act, 2025 effective 1 April 2026."
+    "sunsetNotes": "Rate reduced from 1% to 0.1% w.e.f. 1 October 2024 by Finance (No. 2) Act, 2024. Transitions to Section 393(1), Table 1, Sl. No. 8(i) of the Income-tax Act, 2025 effective 1 April 2026."
   },
   "plainTextSummary": "Every e-commerce operator facilitating the sale of goods or provision of services through its digital or electronic platform must deduct income-tax at source on the gross amount of such sales or services credited or paid to a resident e-commerce participant. Statutory Rate: (a) 1.0% prior to 1 October 2024; (b) 0.1% on or after 1 October 2024 (as amended by Finance (No. 2) Act, 2024). In the absence of a valid PAN or where PAN is inoperative, tax is deductible at 5.0% under Section 206AA(1). De Minimis Exemption: No deduction is required if the participant is a resident Individual or HUF, the gross amount of sales/services through the operator does not exceed ₹5,00,000 in the financial year, and the participant has furnished their PAN/Aadhaar. Corporate, LLP, and partnership participants have zero threshold (TDS applies from ₹1). Section 194O has statutory precedence: transactions subject to Section 194O are exempt from Section 194Q buyer TDS and Section 206C(1H) seller TCS.",
   "keyStatutoryThresholds": {
@@ -42,7 +42,7 @@
     },
     {
       "authority": "Parliament of India / Ministry of Finance",
-      "instrument": "Income-tax Act, 2025 Section 393(1), Table 8, Item (i)",
+      "instrument": "Income-tax Act, 2025 Section 393(1), Table 1, Sl. No. 8(i)",
       "subject": "TDS on e-commerce operators under new Direct Tax Code",
       "officialUrl": "https://www.incometaxindia.gov.in/pages/acts/income-tax-act.aspx"
     },