New TDS Section 194T TDS on payment to partners by Partnership firms or LLP

New TDS Section 194T TDS on payment to partners by Partnership firms or LLP
Earlier, TDS was not applicable on partner’s remuneration, interest, commission etc. However, TDS was applicable on payments made to employees by firms. A new Section 194T (Payments to partners of firms) for TDS deduction proposed as per Clause 62 of the Finance (No. 2) Bill, 2024, which expands the scope of TDS to include payments made by firms to its partners.
Applicability of TDS u/s 194T

Effective from 1st April, 2025, Section 194T mandates TDS deduction on various payments made by firms (Partnership firms or LLP) to its partners. These payments include salary, remuneration, commission, bonus, and interest on any account.

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DISCLAIMER
This video is merely a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, chartered accountant, tax professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.

[bhaskark]

What about share of profit to partners?

[bhumipatel-qrjz]

01-04-2025 se applicable matlab sir FY 2025-26 se applicable hoga kya ya FY 2024-25 me

[i.a.a.g.e]

Intt on partner pe bhi lagega partner remuneration pe double tds hojayega 😮

[i.a.a.g.e]

Partner remuneration to books mein dikha diya jaya actually mein to partner khud lako kha lete honge ye govt kaise pakdegi inlogo ko

[rajendral.]

Last date for finalized account of firms For 25.26 for TDS. LAST DATA OF DEPOSIT TDS. TAN COMPLUSARY FOR FIRMS? PLEASE REPLY.

[PrakashGamingYt]

Sir ngo ke liye kya hai applicable hoga!

[N_H]

Yes Ab unwanted Expense book nahi kar payega Taxpayer Tax payment karna hoga sabhi ko job bhi taxable liabilities hoga

[i.a.a.g.e]

206C (1H) mein bhi change hua hai sir.

[i.a.a.g.e]

Partnership firm mein 3 lacks ka profit araha 270k partner remuneration hogaya aur profit 30k remaining 30k pe 30% tax legaga aur 270000 pe 10 % tds deducted hoga. 20k value less hoga ya pure pe lagega