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Sec 194N threshold limit
threshold limit of sec 194N is of per bank account or aggregate withdrawal from all the bank account ? like if assessee have 3 bank account does the threshold limit is 3 crore?
Replies (5)
Quick Summary
It is per holder/PAN per bank (all branches), including all accounts.
If assessee have one account in sbi and one in icici then what will be the threshold limit?
No matters for number of bank account. limit is consolidated. Not for separate.
Sec 194 N IS NOT SPECIFICALLY FOR INDIVIDUALS
Is
it correct Mr Sabyasachi Mukherjee,????????
it correct Mr Sabyasachi Mukherjee,????????
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