26 July 2020
Tds deducted u/s 194N but this not my income, at the time of bifurcation of tds under which head it will be shown? If I choose other sources then it will be taxed and 2nd option is exempt income. Should I proceed with exempt income
26 July 2020
Dear Satyam TDS u/s 194N will be deducted on cash withdrawal above a certain limit. Unlike other TDS provisions, it is not TDS on any income. Therefore question about showing it as income from other sources and then showing it as exempt income does not arise.
26 July 2020
Dear Sir,
at the time of ITR while filling schedule TDS 2(1) tds other than TDS on salary:
we have to choose"Head of Income" and which is mandatory then which head should I choose for TDS 194N?
CAclubindia
