Скачать или смотреть Section 194T of the Income Tax Act | TDS ON PAYMENT'S BY PARTNERSHIP FIRM TO PARTNERS

Section 194T of the Income Tax Act, 1961, which deals with TDS on payments made by partnership firms to their partners.
Earlier, when a partnership firm paid remuneration, interest, or commission to its partners, it was not subject to TDS. But with the introduction of Section 194T, effective from April 1, 2025, firms will now have to deduct TDS at 10% on these payments if they exceed ₹20,000 in a financial year.
The government introduced this provision to prevent tax evasion and ensure that these payments are reported correctly. Many firms credited large sums to partners without TDS deductions, leading to underreporting of taxable income. Now, with this new rule, transparency in taxation will improve.

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