MY BUSINESS IS WESTERN UNION MONEY TRANSFER, XPRESS MONEY TRANSFER, WHITE LABLE ATM , EMITRA AND BANK BC , WHETHER I SHOULD OPEN SEPARATE ACCOUNT FOR EACH BUSINESS OR I CAN USE ONE ACCOUNT FOR ALL ABOVE BUSINESS TO GET EXEMPTION OF 2% TDS UNDER SECTION 194N, BECAUSE ABOVE ALL BUSINESS IS EXEMPTED UNDER SECTION 194N. BANK REFUSE TO OPEN ANOTHER BANK ACCOUNT IN SAME BANK
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EXEMPTION UNDER SECTION 194N 2% TDS ON CASH WITHDRAWAL
Replies (1)
When businesses are exempt from 194N, it's okay in one bank account.
But officially bank can not refuse to open one more bank account .
But officially bank can not refuse to open one more bank account .
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