Section 194N APPLICABILITY
This query is : Resolved
THE SAMMCO BANK LTD
(Querist)
21 September 2019
Does cash withdrawal above Rs.1 crore through a bearer cheque attracts TDS U/S.194N
Gokul Sharma
(Expert)
21 September 2019
As long as the recipient and the account holder are not the same, and the cash payment is through bearer cheques, then TDS will not be deducted.
https://www.saraltds.com/blogs/tds-section-194n/
https://www.saraltds.com/blogs/tds-section-194n/
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