Articles

Section 194T mandates 10% TDS on specified payments exceeding Rs 20,000 made by partnership firms and LLPs to partners from April 1, 2025, increasing compliance and tax transparency.

Section 194T Explained: What Partnership Firms and LLPs Must Know

Judgement

The High Court cited previous rulings, which held that each financial year is treated as a separate tax period for the purpose of assessment and recovery.

GST: High Court Quashes SCN Issued for Multiple Years, Says Each Year Must Be Treated Separately

News

Delhi Chief Minister Rekha Gupta launches a transparent lottery-based system for GST officer postings to ensure fairness and rule-based governance.

Delhi CM Rekha Gupta Introduces Lottery-Based GST Posting System

NDTV informed the stock exchanges that the Income Tax Department has granted a temporary stay on a Rs 420.36 crore tax demand for AY 2008-09.

Income Tax Department grants stay to NDTV on Rs 420.36 Crore Income Tax Liability

A simple overview of Section 194T and what partnership firms need to do to stay compliant with the new TDS rules.

Section 194T Simplified: Compliance Burden or Necessary Reform?

GeeCee Ventures Limited states they believe they have a reasonable case on merits and do not expect a material adverse impact on their financial position, other than the extent of the demand made.

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Section 194T Explained: What Partnership Firms and LLPs Must Know

GST: High Court Quashes SCN Issued for Multiple Years, Says Each Year Must Be Treated Separately

Delhi CM Rekha Gupta Introduces Lottery-Based GST Posting System

Income Tax Department grants stay to NDTV on Rs 420.36 Crore Income Tax Liability

Section 194T Simplified: Compliance Burden or Necessary Reform?

Income Tax Addition for Rs. 13.40 Crore to GeeCee Ventures Sparks Fresh Legal Battle