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TDS on Cash Withdrawal
Can an assessee claim TDS deducted by bank on cash withdrawal against his tax liability (whether Credit can be claimed on not)?
Replies (3)
Quick Summary
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.
| Originally posted by : Himanshu | ||
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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)? |  |
Yes He can Claimed TDS on Cash withdrawal its not related to Income
This is Govt. tool to track Cash Transaction
The limit is Rs. 1 crore for an assesse.
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