TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New TDS Section 194T Mandates 10% Tax on Partner Payments Over Rs 20,000 Starting April 2025.</h1> The Union Budget 2024-25 proposes the introduction of a new TDS section, 194T, to mandate tax deduction at source on payments made by partnership firms to their partners. This includes salary, remuneration, interest, bonus, or commission when the aggregate amount exceeds Rs 20,000 in a financial year. The applicable TDS rate will be 10%. This measure aims to widen and deepen the tax base and prevent tax avoidance. The provisions of section 194T will be effective from April 1, 2025.
TaxTMI 
TaxTMI 