ICICI

Income Tax Section 194 N


vijaybabu (B.Com)     19 November 2019

vijaybabu
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Good Evening Sir,

         How to Get Agriculture Produce Market Committee License?

 

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sabyasachi mukherjee   19 November 2019

sabyasachi mukherjee

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This is not agricultural produce market...
committee
sec 194 N is a different section..

Tax Jankari (CA)     20 November 2019

Tax Jankari
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Either it may attract 269SS or 269ST. In my opinion, since its a money transfer business 269SS may not apply.

 

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Kapadia Pravin   20 November 2019

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Exemption from TDS on cash withdrawal under section 194N for making payment to farmers – Central Government specified the commission agent or trader, operating under Agriculture Produce Market Committee (APMC)– Notification No. 70/2019-Income Tax Dated 20th September, 2019

Vijaybabu , you are right sir. To get Exemption from TDS under 194N, you need to be registered with concerned APMC.

For this purpose you approach to APMC market office in your area or contact fellow traders to know APMC registation process to become a licenced member of APMC.
_-----

APMC registration has direct connection to 194N section First Read, know and reply . Requesting...

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sabyasachi mukherjee   20 November 2019

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Sec 194 N
relates to cash withdrawal but I cannot relate only for payment to farmers.
If your query is so.
Good..

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Kapadia Pravin   20 November 2019

Kapadia Pravin

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@ Vijaybabu
Hope you will soon get affiliated to APMC in order to get 194N Exemption.

You had a valid question Sir. 👍


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