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TIME OF TDS 194T

This query is : Resolved 

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

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.

21 March 2025 THANKS SIR FOR PROMAPT REPLY

21 March 2025 You are welcome.

04 October 2025 Good luck...


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