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Sec. 194N
A person who regularly files ITR on time. The same person withdraw amount from his account more than 20 lakh but less than 1 crore. Is the bank deduct TDS despite regular return filing?
Replies (6)
No, 194N is not applicable in this case.
Thanks
No, TDS not applicable
Bank can't deduct TDS u/s 194N.
No TDS is not applicable
No. TDS is not applicable since amount is not exceeding 1 cr
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