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of <h1>New Rule: Section 194T Requires 10% TDS on Partner Payments Over 20,000 Starting April 1, 2025.</h1> Section 194T, effective from April 1, 2025, mandates that firms must deduct Tax at Source (TDS) at a rate of 10% on payments such as salary, remuneration, commission, bonus, or interest made to their partners. The deduction should occur at the time of crediting the amount to the partner's account or upon payment, whichever comes first. However, no TDS is required if the total amount paid or credited to a partner does not exceed 20,000 in a financial year.
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