Question And Answer
Subject: Effective date as to applicability of Section 194T
Category: 
Querist: CA Chhajed Abhay d.
Answered by: Reply of the Expert is awaited;
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Date: December 12, 2024
Query asked by CA Chhajed Abhay d.

Respected Sir,

I have followng query:

As per Finance (No.2) Act, 2024, as passed by Parliament, newly inserted Section 194T has been made effective from 01/04/2025. Whether it means it is effective from AY 2025-26 or it means requireemnt of TDS are applicable in respect of amount paid or creidted on and from 01/04/2025, i.e. from AY 2026-27?

Thanking you.

 

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