TDS ON CASH WITHDRAWAL EXEMPTION UNDER 194 N
This query is : Resolved
13 November 2019
we purchase cotton from farmers in cash for our cotton Ginning pressing factory. As per amendment in section 194N commission agent and traders operating under APMC are exempted from TDS on cash withdrawal above 1 CR . My concern is that weather cotton Ginning pressing can be considered as traders and get the exemption on cash withdrawal?
26 May 2020
Yes it can be shown as business and get eligible exemption as applicable for your business.
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