Section 194T: New TDS Rules For Payments To Partners In Firms And LLPs Effective April 2025

 Section 194T of the Finance Act 2024 added new provisions in the Income Tax Act 1961, which require partnership firms and Limited Liability Partnerships to deduct taxes at source from payments going to their partners. Starting April 1, 2025, this law aims to increase financial document transparency while ensuring firms obey taxation rules. Companies and partnership members need to understand all aspects of Section 194T because it determines their proper compliance with new tax regulations. For more Info :https://www.jaagrukbharat.com/section-194t-9670284


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