Key Income Tax Changes for Partnership Firms Effective from April 1, 2025

Starting from April 1, 2025, significant changes in income tax regulations for partnership firms are expected to take effect. These changes are aimed at improving compliance, transparency, and financial discipline among firms. Here are the key changes: 1. Taxation of Remuneration and Interest Paid to Partners 2. Introduction of TDS on Partner’s Remuneration 3. Changes […]