Applicability TDS on Payments to Partners Section 194T
TDS on Payments to Partners Section 194T (w.e.f. 1.04.2025) Payments Covered U/s 194T : The Union Budget 2024 introduced Section 194T, which mandates Tax Deducted at Source (TDS) on certain payments made by a firm to its partners. This provision aims to increase tax compliance and transparency in partner remuneration and other payments. The following …