Enhanced limit of 6 lakh remuneration isfrom FY 2024 -25 ?
And tds from FY 2025-26 ?
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Partner remuneration and tds
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Quick Summary
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.
Rent is on a different aspect.
Rent has two perspectives.
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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