TDS U/S 194 N

tax deducted u/s 194 N of cash withdrawals.

how the amount will be shown in ITR
Replies (3)
Quick Summary
This discussion clarifies how Tax Deducted at Source (TDS) under Section 194N for cash withdrawals is reported in your Income Tax Return (ITR). Generally, you don't need to report the withdrawal amount directly unless you maintain a Profit & Loss account. Your books of accounts should substantiate the cash transactions. For your personal ITR, the main action is to claim credit for the Tax Collected at Source (TCS).

Not reported directly, unless you are required to fill BS & P&L acc. Your books are required to justify the cash transactions, related to the withdrawal.

In your own ITR? You don't need to do anything except take credit for the TCS!

No need to show

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