TDS under sec 194N
liya fizal (14 Points)
27 November 2019
194 N is applicable in case of Cash credit loan accounts.
4 Replies
Dharmender kumar Jha
(Accountant)
(208 Points)
Replied 27 November 2019
No it will be applicable on withdrawl of cash
liya fizal
(14 Points)
Replied 27 November 2019
If cash withdrawals in loan accounts 194 N is
applicable
applicable
Dharmender kumar Jha
(Accountant)
(208 Points)
Replied 27 November 2019
If you withdraw 1 crore or above than it will be applicable
Kapadia Pravin
(17264 Points)
Replied 27 November 2019
194N is applicable on cash withdrawals in excess of 1 crore @ 2%
194N is not based on types of bank account viz. current, OD CC Loan etc.
194N is on cash withdrawals from all types of bank accounts
194N is not based on types of bank account viz. current, OD CC Loan etc.
194N is on cash withdrawals from all types of bank accounts
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