TIME OF TDS 194T

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This discussion clarifies the applicability of TDS under Section 194T concerning partner drawings and household expenses. TDS is not applicable when these amounts are debited from a partner's capital account. However, TDS becomes relevant at the end of the financial year if remuneration or interest on capital credited to the partner's account exceeds ₹20,000.

satish kumar Chauhan

satish kumar Chauhan (Querist)
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18 March 2025 Dear experts

ussauly partners withrawn every month for house hold exps and drwaings during the other purpose and credit the remunartion & interest on capital etc to capital accounts at end of year. In regrds of TDS under sec 194T, query is TDS is applicable on House Hold Exps and drwaings at the time of debiting the capital account or at time of credit the remunaration or interest at the end of the year.
Pl clarify.

Thanks

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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21 March 2025 TDS is not applicable on household expenses or drawings when they are debited from the capital account. Instead, it is applicable when remuneration or interest is credited at year-end if those payments exceed ₹20,000 in a financial year.

satish kumar Chauhan

satish kumar Chauhan (Querist)
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21 March 2025 THANKS SIR FOR PROMAPT REPLY

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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21 March 2025 You are welcome.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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04 October 2025 Good luck...

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