Tds provison applicable on remenuration and interest for partners f.y.25-26

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Kollipara Sundaraiah (Querist)
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17 March 2026 sir,
A partnership firm remenuration and interest paid to two partners.
Question:
tds provision applicable on remenuration and interest f.y.25-26 .

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)
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17 March 2026 Since we are currently in March 2026, the financial year is coming to a close. Many firms calculate partner remuneration at the time of finalizing their books at year-end. If you are crediting remuneration or interest to the partners' accounts for FY 2025-26 on March 31, you must deduct the 10% TDS at that time and deposit it with the government by April 30, 2026, to avoid any interest or disallowance penalties.

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