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New TDS rules for partnership firms: What you need to know

Summary by rightsofemployees.com
The new rules for Tax Deducted at Source (TDS) for partnership firms have come into effect from April 1, 2025. You should also be aware of these rules. If you also do business in a partnership firm, then ignoring these rules can prove costly for you. According to the Income Tax Department, it will now be mandatory for partnership firms and Limited Liability Partnerships (LLPs) to deduct TDS on certain payments to their partners. this is the new …
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New TDS rules for partnership firms: What you need to know

The new rules for Tax Deducted at Source (TDS) for partnership firms have come into effect from April 1, 2025. You should also be aware of these rules. If you also do business in a partnership firm, then ignoring these rules can prove costly for you. According to the Income Tax Department, it will now be mandatory for partnership firms and Limited Liability Partnerships (LLPs) to deduct TDS on certain payments to their partners. this is the new …

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rightsofemployees.com broke the news in on Friday, April 4, 2025.
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