I have confusion in Section 194N that whether TDS would be deducted on Gross Amount i.e. ₹1Cr or ₹20Lacs
Or In excess of withdrawal exceeding ₹1 Cr or 20lacs.
I have go through the CBDT Circular in this regard but not properly understand the requirement of this section.
Please Explain
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TDS on cash withdrawal u/s 194N
Replies (3)
Quick Summary
The amount withdrawn over and above 1cr/20 lacs
There cannot be any confusion with sec 194N
Whether 194N tds refundable
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