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saurabh sawlani   14 August 2021

Section 194NF????

dear colleagues,
gud noon,
please briefily explain section 194NF... ye mere client k 26AS ME show ho rha hai..


 3 Replies

Sourav

Sourav (Student)     14 August 2021

Section 194N is for cash withdrawal transactions where transactions of more than 1 crores rupees are reported by banks
Sivaramaraju G

Sivaramaraju G (Learner)     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 it should be 194N, you must have withdrawn cash from you account that is why banker has deducted TDS and same can be taken as credit while paying taxes or if you don't need to pay taxed then you can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.

1 Like
Sourav

Sourav (Student)     15 August 2021

Yes siva

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