Budget 2024 introduced Section 194T, making certain payments from partnership firms (including LLPs) to partners liable for TDS. Previously, such payments were exempt from TDS,…
View More Section 194T: TDS on Payments by Partnership Firms to PartnersThe Income Tax Department has released a new version of the File Validation Utility (FVU) to validate TDS / TCS returns before submission. This version…
View More New File Validation Utilities (FVUs) Version 9.1 & 2.187 released on 7th May, 20251. Section 194D – Payment related to Insurance Commission The TDS @2% would apply on Section 194D – Payment related to Insurance Commission, till 31st…
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