Income tax query

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B.com
3025 Points Posted on 19 February 2021
Tds deducted on cash withdrawal sec 194n in I.t. act.assess not taxable income below Rs:2,50,000/-
Question:
Assess form 15G/15H submit allowed.
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On 19 February 2021 at 22:34 Report
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Quick Summary
This discussion clarifies the applicability of Tax Deducted at Source (TDS) under Section 194N of the Income Tax Act for cash withdrawals. It specifically addresses whether individuals with non-taxable income below £2,50,000 can submit Form 15G or 15H to avoid TDS. The query seeks detailed information on this aspect of tax law.

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Chartered Accountant
24588 Points Posted on 20 February 2021
Please elaborate
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On 20 February 2021 at 06:29
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Accountant
4533 Points Posted on 20 February 2021
Elaborate pls
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On 20 February 2021 at 20:41

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