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TDS on Cash Withdrawal


Himanshu (Student CA Final )     06 July 2020

Himanshu
Student CA Final  
 7 likes  114 points

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Can an assessee claim TDS deducted by bank on cash withdrawal against his tax liability (whether Credit can be claimed on not)?

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Satyajit Pradhan   06 July 2020

Satyajit Pradhan

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Yes. if PAN is updated at Bank Account. then whatever TDS deducted, may be in cash withdrawl and By IT Return submission, the TDS CAN BE CLAIMED.

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Ravi SADhiyan (CA Final)     06 July 2020

Ravi SADhiyan
CA Final 
 265 likes  4414 points

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Originally posted by : Himanshu
Can an assessee claim TDS deducted by bank on cash withdrawal against his tax liability (whether Credit can be claimed on not)?

Yes He can Claimed TDS on Cash withdrawal its not related to Income 

This is Govt. tool to track Cash Transaction  

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sabyasachi mukherjee   07 July 2020

sabyasachi mukherjee

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The limit is Rs. 1 crore for an assesse.


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