From April 1, 2026, the TDS/TCS regime will see a major overhaul under the new Income Tax Act, with renumbered sections and ...
AI Quick Read The Central Board of Direct Taxes (CBDT) recently issued an important clarification on the concept of Tax Deducted at Source (TDS) for bank interest. The CBDT issued the clarification ...
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New TDS rule for partnership firms: 10% tax on partner payments from FY 2025–26 explained
Partnership firms in India must now follow stricter tax compliance rules as a new provision comes into effect. Introduced in the Union Budget and applicable from April 1, 2025, Section 194T of the ...
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