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    <title>Section 194T : Payments to partners of firms</title>
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    <description>Section 194T requires a firm paying any sum described as salary, remuneration, commission, bonus or interest to a partner to deduct tax at source at the time such sum is credited to the partner&#039;s account (including capital account) or at payment, whichever is earlier. No deduction is required where the aggregate of sums credited or paid, or likely to be credited or paid, to the partner in the financial year does not exceed the prescribed monetary threshold.</description>
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      <description>Section 194T requires a firm paying any sum described as salary, remuneration, commission, bonus or interest to a partner to deduct tax at source at the time such sum is credited to the partner&#039;s account (including capital account) or at payment, whichever is earlier. No deduction is required where the aggregate of sums credited or paid, or likely to be credited or paid, to the partner in the financial year does not exceed the prescribed monetary threshold.</description>
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