18 October 2019
Union Budget 2019 a new section - 194N is inserted in Income Tax Act, 1961, to further discourage cash transactions, which provides levy of TDS at the rate of 2% on cash withdrawal in excess of Rs.1 crore in aggregate during the year. The new section is effective from 1st Sep, 2019
Respected Sirs,
Okey w will pay TDS u/s 194-N but how we will fine TDS Return u/s 194-N
CAclubindia
