21 July 2023
Cash withdrawal in excess of 1 crore during the previous year from 1 or more account with a bank or co-operative society (wef 01.09.2019) SEC. 194N IT ACT.. Cash withdrawal in excess of 20 LAKHS during the previous year from 1 or more account with a bank or co-operative society (wef 01.07.2020) BY NON FILERS OF LAST THREE ITRS SEC. 194NF IT ACT..
Yes, the TDS deducted is refundable by filing ITR.
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