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SWAPNIL (Service)     14 June 2021

SECTION 194N applicable to co op society or patsanstha

Dear Sir/ Madam,

                  Under Income tax section 194N tds deducted on cash withdrawal is applicable to co op credit society or patsanstha cash withdrawal from there account above 20 lakh or 1 crore.

 1 Replies

Sivaramaraju G

Sivaramaraju G (Learner)     14 June 2021

194N won't be applicable to banking companies and credit co-operative societies engaged in banking business.

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