Cash withdrawal
Tejas Gandhi (143 Points)
04 April 2020is there any TDS if cash withdrawal from Bank by individuals or huf exceed 20 lakhs during financial year for bznz from current account
Tejas Gandhi (143 Points)
04 April 2020
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 05 April 2020
NO
Note :
cash withdrawn > rs. 1 cr
Tds @ 2% u/s 194N
Note : TDS is applicable on excess amount over rs 1 cr .