Section 194 N
liya fizal (14 Points)
27 November 2019
194 N is applicable in case withdrawal of cash in a cash credit loan account
1 Replies
Kapadia Pravin
(17264 Points)
Replied 27 November 2019
194N is applicable on cash withdrawals in excess of 1 crore @ 2%
194N is not based on types of bank account viz. current, OD CC Loan etc.
194N is on cash withdrawals from all types of bank accounts
194N is not based on types of bank account viz. current, OD CC Loan etc.
194N is on cash withdrawals from all types of bank accounts
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