194N and 194NF

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Discussion on cash withdrawals reported under Sections 194N/194NF in AIS and Form 26AS. Experts clarified that such withdrawals are not taxable income, only TDS reporting entries, and advised claiming TDS credit with supporting documents if CPC raises an incorrect adjustment.

R.KANDASUBRAMANIAN

R.KANDASUBRAMANIAN (Querist)
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07 February 2026 we tio file ITR FY 2024-25
26AS shows cash withdrawal in section 194NF
AIS shows cash withdrawal in section 194N
generally 26AS ,194NF CPC will add the amount as income
how to proceed now
pl advise us

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)
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08 February 2026 Cash withdrawal appearing under 194N/194NF in 26AS or AIS is not taxable income. It is only TDS reporting. Do not include it in income. Claim TDS credit properly. If CPC wrongly adds it during 143(1), file rectification under section 154 with supporting documents.

R.KANDASUBRAMANIAN

R.KANDASUBRAMANIAN (Querist)
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08 February 2026 Thanks sir for update kindly inform want kind of supporting documents we need to arrange. Bank statement or TDS FORM 16A MENTIONING section 194NF

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