Section 194T: The New TDS on Partner Pay Every Firm Must Know

Section 194T deducts 10% TDS on partner remuneration, interest, salary, bonus and commission from FY 2025-26.

Cross ₹20,000 in a year and TDS applies to the ENTIRE amount per partner, not just the excess.

Profit share is exempt — only remuneration and interest types are covered.

Firms without a TAN must get one; TDS is due even when amounts are only credited to the capital account.

Miss it and you risk interest, late fees and disallowance of partner remuneration.

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