Recent TDS regulations for LLPs and Partnership Firms will be implemented starting April 1, 2025, which will impose taxation on payments made to partners, including profit distributions, interest, and salaries. This blog outlines the main modifications, the implications for compliance, and strategies for businesses to prepare.

With effect from October 1, 2024, the updated TDS rates for FY 2024–25 and AY 2025–26 have been released. This blog discusses the effects on people and businesses and offers a comprehensive graphic of the updated TDS rates. To guarantee compliance with tax laws and to capitalize on the advantages provided by the new rates, it is imperative that individuals and corporations comprehend the revised TDS rates and their ramifications.