The Central Board of Direct Taxes (CBDT), under the Ministry of Finance, has issued the Income-tax (Seventh Amendment) Rules, 2025 to introduce changes in the Income-tax Rules, 1962. These amendments specifically address the inclusion of Section 194T concerning payments made to partners of a firm. The key changes are as follows:

1. Form No. 26Q:

1. • The heading is updated to insert “194T” after 194S alongside existing sections.
   • In the annexure, Note No. 16 now includes a new entry for Section 194T, covering payments such as salary, remuneration, commission, bonus, or interest made to a partner of a firm.
2. Form No. 27Q:
   • The heading is updated to insert “194T” after “194N”.
   • In Note No. 13, a new row for Section 194T is added at the place of Section 195, specifying payments to partners similar to Form 26Q. Section 195 is now after Section 194T.

These amendments aim to streamline tax reporting and compliance for payments made to partners of a firm. The updated forms ensure clarity and alignment with the revised provisions under the Income-tax Act, 1961.