194N & 194NF
This query is : Resolved
21 July 2023
What is the difference between 194N & 194 NF. The TDS under 194NF is refundable.
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.
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.
14 September 2024
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