dear colleagues,
gud noon,
please briefily explain section 194NF... ye mere client k 26AS ME show ho rha hai..
6 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 14 August 2021
Section 194N is for cash withdrawal transactions where transactions of more than 1 crores rupees are reported by banks
Sivaramaraju G
(Learner)
(2398 Points)
Replied 14 August 2021
194NF is not there. it should be 194N, you must have withdrawn cash from you account that is why banker has deducted TDS and same can be taken as credit while paying taxes or if you don't need to pay taxed then you can claim as refund by filing return.
sruthi
(articleship)
(2 Points)
Replied 20 June 2023
Hi even I'm facing the same issue. How did you solve it?
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