IF PARTNERSHIP FIRM IS NOT LIABLE TO DEDUCT TDS OF ANY PERSON THEN ALSO IT IS MANDATORY TO DEDUCT TDS ON REMUNERATION PAID TO PARTNER?
3 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(6630 Points)
Replied 03 March 2025
Nikhil Kaushik
(Fellow CA)
(86346 Points)
Replied 03 March 2025
It would really help if you give succinct and correct replies to the queries here. Long but irrelevant responses do not help anyone.
Rachit, as of now no TDS section applies to payments made to the partners. However, starting 1 April 2025, section 194T of the Income-tax Act shall apply.
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