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Informative

TDS Forms Updated: Partner Payments to Be Reported Separately Under New Rule 194T

Update / Judgement Date

28 Mar 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Income Tax

TDS forms have been updated, requiring partner payments to be reported separately under new rule 194T. This change aims to improve transparency in partner payments. It ensures better tax compliance. This update necessitates adjustments in reporting practices. It provides clarity on TDS requirements.