This discussion clarifies the TDS requirements under Section 194T for remuneration, profit, and interest pertaining to the financial year 2024-25. It addresses the specific scenario where such amounts are credited on 31st March 2025 but paid in the subsequent financial year, 2025-26. The general consensus is that TDS is not required if these amounts are transferred to partners' capital accounts.
05 August 2025
TDS u/s 194T is required to be deducted on remuneration ,profit and Interest wef from 1.4.2025, remuneration/interest/profit pretaining to 2024-25 credited on 31.3.2025 but paid in FY 2025-26,whether TDS required to be deducted ?