Compliance Hacks
easy
high risk
Ongoing
1 min read
Updated October 2025
Partnership TDS Section 194T
10% TDS on partner payments exceeding ₹20,000
Potential Savings
Avoid penalties
Time Required
Ongoing
Complexity
easy
Legal Status
fully legal
Applicable to:
Partnership Firm
What is This Hack?
Partnership firms must deduct 10% TDS on salary/remuneration/interest to partners exceeding ₹20,000 from October 1, 2024 or face penalties
Key Benefits
- Potential savings: Avoid penalties
- Implementation time: Ongoing
- Legal status: fully legal
- Risk level: high
Important Considerations
This hack has a high risk level. While it's completely legal, proper implementation requires careful attention to compliance requirements. Consider consulting a CA for personalized guidance.
Related Topics
partnership
tds
section 194t
partner
october 2024