Section – 194T The Hon’ble Finance Minister has introduced a new tax deduction requirement (TDS) for firms, including LLPs, effective from Assessment Year 2025- 26 (FY 2024-25) as per new budget Proposals. Key points: TDS Rate: 10% on the total payments made to partners, including salary, remuneration, bonus, commission, or interest. Timing: Deduction is required […]