Major Tax Changes for Partnership Firms and LLPs from April 1, 2025

Rashmi , Last updated: 14 March 2025 Share Follow on Google News

Starting April 1, 2025, significant income tax changes will apply to partnership firms and Limited Liability Partnerships (LLPs) due to amendments introduced in the Finance Act. These changes focus on two key areas: Increased Limits for Partner Remuneration Introduction of Section 194T - TDS on

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About the Author

Rashmi

business

I am a Chartered Accountant with over 2 decades of experience in Auditing, Taxation, Accounting, Due diligence. I am currently a Managing Partner at RRL Global Services. I can be reached at rrlglobal @ yahoo.com or @ 9811757230

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Major Tax Changes for Partnership Firms and LLPs from April 1, 2025

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