Cash withdrawal

From FY 2020-21

is there any TDS if cash withdrawal from Bank by individuals or huf exceed 20 lakhs during financial year for bznz from current account
Replies (1)

NO 

Note :

cash withdrawn > rs. 1 cr 

Tds @ 2% u/s 194N

Note : TDS is applicable on excess amount over rs 1 cr . 

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