Section 194N - TDS on Cash Withdrawal

CA AMIT KUMAR SHARMA , Last updated: 27 July 2020  
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1. What is Section 194N? Section 194N is applicable in case of cash withdrawals of more than Rs 1 crore during a financial year. The tax will be deducted by the payer(Any Bank, post office, etc) while making payment to any individual in cash from a bank account on the amount in excess of Rs 1

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CA AMIT KUMAR SHARMA
(Chartered Accountant)
Category Income Tax   Report

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