Section 194N: TDS on heavy cash withdrawal from Banks / Post Offices

Taxblock , Last updated: 07 October 2021
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With the amendment in Finance Act, 2020 section 194N was amended by substituting 83A which imposes 2% TDS on withdrawal of sum exceeding Rs.1 crore. This section has come into effect from 1st July 2020. Every person including (i) Individuals (ii) HUF (iii) Company (iv) Partnership firms or

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Category Income Tax Report