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Tds on cash withdrawal

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audit staff
1203 Points Posted on 11 October 2020
my client bank has deduct tds on cash withdrawal in current year, such tds amount can claim tax or refund in filling income tax return ?pls help sir
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On 11 October 2020 at 09:53 Report
Replies (6)
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Tax and Business Consultant
11616 Points Posted on 11 October 2020

Yes, you can claim TDS credit of same in your income tax return of respective years...

66 Reply
On 11 October 2020 at 10:37
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Tax consultant
5895 Points Posted on 11 October 2020
Yup you can claim it
57 Reply
On 11 October 2020 at 11:26
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Student CA IPC / IPCC
89 Points Posted on 11 October 2020
Yes TDS credit can be claimed..
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On 11 October 2020 at 15:39
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Profession Business
28207 Points Posted on 11 October 2020
It is not your client it is 194N.
44 Reply
On 11 October 2020 at 16:19
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Tax consultant
5895 Points Posted on 11 October 2020
194N comes when a bank deducted TDS on withdraw of his customer when it's cross to the act limit when that person goes to file return for that he becomes client I don't think he wrote anything wrong
57 Reply
On 11 October 2020 at 17:46
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audit staff
1203 Points Posted on 11 October 2020
Fy 18-19 cash withdrawal exceed 1 crores, so fy 19-20 tds deduct, such amount can claim or adjust income tax return for fy 19-20
1 Reply
On 11 October 2020 at 18:44


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