EXEMPTION UNDER SECTION 194N 2% TDS ON CASH WITHDRAWAL

TDS / TCS 570 views 1 replies

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 

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 .


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details