194NF IN TDS SCHEDULE

This query is : Resolved 
Quick Summary
This discussion clarifies the correct income head for TDS under section 194NF when filing an income tax return. It highlights that if the TDS was deducted due to cash withdrawal from a bank, the correct section is likely 194N, not 194NF. The advice is to ask the bank to rectify the mistake if they have incorrectly reported it under 194NF.

Profile Image

Profile Image

(Querist)
08 December 2024 Dear Sirs/Madam
In which head Income TDS of 194NF should show ? while filing income tax return the file validation needs to confirm income head of TDS
Request to guide
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
09 December 2024 Select 'OS' ....
Profile Image

Sagar Panchal

Profile Image

Sagar Panchal (Querist)
10 December 2024 THANKS RESPECTED SIR FOR GUIDE , BUT ITS DEDUCTED DUE TO CASH WITHDRAW FROM BANK, THEY SHOWN THE SECTION.
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
10 December 2024 If it is reported by Bank for cash withdrawal, then the correct section should be 194N & not 194NF. Ask bank to rectify the mistake.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now





Unanswered Queries


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member Vimlesh kumarVimlesh kumarPro Member Bharat UgileBharat UgilePro Member Vishal DaveVishal DavePro Member Mritoonjay GoraiMritoonjay GoraiPro Member RAMBIR singhRAMBIR singh
Subscribe to Pro
Join an elite circle of professionals



Answer Query



Quick Links



Browse by Category