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Partner remuneration and tds

TDS 765 views 4 replies
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artical tranee
277 Points Joined July 2013

Enhanced limit of 6 lakh remuneration isfrom FY 2024 -25 ?

And tds from FY 2025-26 ?

 

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On 12 March 2025 at 15:23 Report
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Master in Accounts & high court Advocate
9610 Points Joined December 2011

The enhanced limit of ₹6 lakh remuneration is applicable from FY 2024-25. As for TDS, it will be applicable from FY 2025-26.¹ To give you more context, the Budget 2024 introduced some changes to TDS provisions. One of these changes is the enhancement of the threshold limit under Section 194-I for TDS on rent. The new limit is ₹6 lakh, up from ₹2.4 lakh earlier.

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On 12 March 2025 at 16:09
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Profession Business
28196 Points Joined May 2017

Rent is on a different aspect.

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On 12 March 2025 at 21:22
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Profession Business
28196 Points Joined May 2017

Rent has two perspectives.

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On 12 March 2025 at 21:22
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PROPRIETOR
564 Points Joined January 2010

Hi,

It's Correct, 6 lakh remuneration is from FY 2024 -25 ? (Subject to Original Partnership Deed allows under Section 40(b) or to prepare Supplementary Partnership Deed on 500 Rs. Stamp Paper)

And TDS from FY 2025-26 ?

 

 

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On 17 March 2025 at 17:44

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