Скачать или смотреть Section 194T | newly introduced TDS on partners payments applicable w.e.f 1-4-25

🚀 Ready for 2025? Unlocking the New TDS Provision under Section 194T for Partners of Firms & LLPs! 📊 Dive into the game-changing updates that every partner needs to know! In this video, we break down the essential details of the recently introduced TDS provision, explaining how it impacts your financial strategy moving forward. With expert insights and practical tips, we’ll prepare you to tackle these changes confidently! Don’t stay in the dark—understanding Section 194T is crucial as we edge closer to business transformations in 2025. 🌟 Hit that subscribe button for the latest tax insights and strategies! #TDS #Section194T #TaxPlanning #2025Insights
Following section 194T shall be inserted after section 194S by the Finance (No. 2) Act, 2024, w.e.f. 1-4-2025:
Payments to partners of firms.
194T. (1) Any person, being a firm, responsible for paying any sum in the nature of salary, remuneration, commission, bonus or interest to a partner of the firm, shall, at the time of credit of such sum to the account of the partner (including the capital account) or at the time of payment thereof, whichever is earlier shall, deduct income-tax thereon at the rate of ten per cent.

(2) No deduction shall be made under sub-section (1) where such sum or the aggregate of such sums credited or paid or likely to be credited or paid to the partner of the firm does not exceed twenty thousand rupees during the financial year.