Section 194N - TDS on Cash withdrawal over and above Rs. 1 crore

CA Piyush Agarwal , Last updated: 13 February 2020 Share Follow on Google News

In order to discourage cash transactions and move towards cash-less economy, a new Section 194N (Introduced via Union Budget 2019) has been inserted under Income-tax Act with effect from September 1, 2019 to provide for deduction of tax on cash withdrawals made by any person from his bank or post-of

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CA Piyush Agarwal
CHARTERED ACCOUNTANT

Section 194N - TDS on Cash withdrawal over and above Rs. 1 crore

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