Tds deducted on partner salary

This query is : Resolved

Quick Summary

New regulations require TDS to be deducted on partner salaries. This deduction is triggered by either the crediting of the salary to the partner's account in the firm's books or the actual payment of the salary, whichever occurs first. While TDS itself is event-based, the TDS return must be filed on a quarterly basis.

Ashim kr Ray

Ashim kr Ray (Querist)
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24 May 2025 sir,
in new rule tds have to be deducted from partner salary.

I want to know whether it has to be submitted monthly or quartely.
please reply

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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24 May 2025 The TDS is to be deducted at earlier of the following dates:

Credit of sum/payment to the account of partner in the books of the firm or
Payment to the partner.
Any payment to partner in nature of salary, interest, bonus, commission, or remuneration which is credited to partner's capital account, is also subject to TDS u/s 194T.
It is based on payment/credits to partner/s; it is event based & not periodically.

Only TDS Return to be filed quarterly.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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28 September 2025 Good luck.....

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