NEW INCOME TAX RULES 2025 FROM 1 APRIL 2025 ! लागू हुआ नया टैक्स SECTION 194T NEW TDS RULE 2025
NEW INCOME TAX RULES 2025 ! 1 APRIL 2025 से लागू हुआ नया टैक्स SECTION 194T Section 194T: TDS on Payments to Partners - Everything You Need to Know Are you a partner in a firm or an LLP? Or do you own a partnership firm that makes payments to partners? If so, you need to know about Section 194T of the Income Tax Act. This video breaks down everything you need to know about Section 194T, which deals with TDS on payments made by partnership firms to their partners. We'll cover: What payments are covered under Section 194T? What is the TDS rate? When does TDS need to be deducted? What are the consequences of non-compliance? And much more! Here is a topic-wise breakdown of the video, with corresponding timestamps: • Introduction to New Income Tax Rules o Overview of changes effective from April 1, 2025 [00:00] o Importance of compliance to avoid penalties [00:31] o Regular updates for income tax compliance [00:46] • TDS on Payments to Partners o Applicability of TDS on specific payments [01:10] o Clarification on TDS for non-working, LLP, and non-resident partners [01:22] o Introduction of Section 194T [02:04] o Specified payments subject to TDS [02:35] o Who is responsible for deducting TDS [03:00] o Definition of 'partner' for TDS purposes [03:26] o Timing of TDS deduction [03:44] o Threshold limit for TDS [03:57] o TDS rates and applicability of higher rates [04:26] o Consequences of not deducting TDS [05:10] • Examples and Scenarios o TDS on salary and interest payments [05:42] o TDS on commission payments [06:26] o TDS on multiple payments [06:38] o TDS when only the partner's account is credited [07:17] o Example of partner's capital account [07:31] o Higher TDS rate for partners without PAN [08:33] • Additional Information and Resources o Reference to complete FAQs on website [08:57] o Call for questions and feedback [09:07] o Encouragement to like and share the video [09:13] o Subscription and contact information [09:19] o Joining Telegram channel for updates [09:34] Don't get caught off guard by these new TDS rules. Watch this video to ensure you're fully compliant with Section 194T. *Like and subscribe for more informative videos on tax and finance!* NEW TDS RULE 2025 Section 194T TDS on payments to partners TDS Income Tax Partnership firms LLPs Finance Act 2024 Tax compliance Tax deduction at source Partner salary Partner commission Partner interest #TDS #PARTNER #sECTION194T Subscribe our Whatsapp Channel CA Satbir Singh Taxheal https://whatsapp.com/channel/0029VaEl... Download GST and Income Tax Judgments https://taxheal.stores.instamojo.com/ Reverse Charge Mechanism under GST by CA Satbir Singh https://amzn.to/3VJeE0D Join Tax Heal Youtube Channel / @taxheal3683 Join Membership and Get GST Online Course , Exclusive Videos and Posts for Members only / @casatbirsingh Join Telegram CA satbir singh Taxheal https://t.me/casatbirsingh Members Only Video Playlist • Members Video Conact us /for Sponsorships and collaborations please write to us at [email protected] DISCLAIMER *** This video is merely a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.