Section 194 NF

section 194 N and 194 NF are same

Originally posted by : Sourav
	What is the source of the income?

Cash withdrawal exceed 20 lakhs..TDS is deducted at the Rate 2%

Please look 

"Sec 194NF IS NOT THERE."

 

we find sometimes 194nf  in 26. though it is for 194n. as it is for withdrawal of cash, it is not an income.

what did you do bro same issue 194NF for me, it is showing as income when filing ITR but it is just cash withdrawls u/r sec 194N and if i wont include this, ITR becomes defective please any one i need info on how to proceed furthur.

Thanks

section 194NF BHI HOTA HAI PAR AGAR BANK NE GALTI SE 194NF DAAL DIYA HAI CASH WITHDRAWAL KE LIYE TO DEFECTIVE RETURN KA NOTICE AA JAYEGA......ISLIYE BANK SE BOLO TDS RETURN REVISE KRE

Same issue with me. TDS deducted u/s 194NF. What to show source of income ? It is just cash withdrawal. Assessee is agent of White label ATM operator that why there are large cash withdrawals because they withdraw cash from bank account and deposit it in ATM. So it is not their income.