TMI BlogInsertion of new section 194T.X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2025, namely: Payments to partners of firms. 194T. (1) Any person, being a firm, responsible for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r the aggregate of such sums credited or paid or likely to be credited or paid to the partner of the firm does not exceed twenty thousand rupees during the financial year. . - statute, statutory pro ..... X X X X Extracts X X X X X X X X Extracts X X X X
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