Starting April 1, 2025, Section 194T of the Income Tax Act requires firms (including LLPs) to deduct TDS on payments to partners, including salary, remuneration, and interest. The TDS rate is set at 10% for payments exceeding ₹20,000 in a financial year.

💡 Key Points:
– TDS applies to payments like salary and commission but excludes capital repayment.
– Ensure timely TDS deduction to avoid penalties.

Stay compliant and ensure smooth operations!