ITDS U/S.194T
This query is : Resolved
Mahabir Prasad Agarwal
(Querist)
29 April 2026
If a partnership declares income U/S.44AD, whether ITDS provision of Section 194T will be applicable ?
29 April 2026
Yes, Section 194T will apply even if the partnership firm declares income under Section 44AD. Section 44AD is only for presumptive computation of business income and does not provide exemption from TDS provisions. Therefore, if the firm pays or credits partner remuneration, salary, commission, bonus, or interest to partners exceeding ₹20,000 during the financial year, TDS @ 10% is required under Section 194T. However, no TDS is applicable on the partner’s share of profit.
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