TDS RETURN U/S 194-N
This query is : Resolved
TARIQUE RIZVI
(Querist)
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
Please guide me and oblige.
Respected Sirs,
Okey w will pay TDS u/s 194-N but how we will fine TDS Return u/s 194-N
Please guide me and oblige.
26 May 2020
The respective Bank will file it.
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