TDS refund U/S 194N

Tds for cash withdrawals has been deducted Rs44000. .In fy 22-23, total cash withdrawals is Rs.42lakhs from NRI account. He has purchased Agri land in the name of his wife, Household appliances with that cash. Further He lend cash to others. How can we filr his income under which head and get refund of this TDS? 

Replies (2)
Quick Summary
An NRI client has had TDS deducted under Section 194N on cash withdrawals totalling Rs 42 lakhs from their account in FY 2022-23. The funds were used for purchasing agricultural land, household appliances, and lending to others. The client has no taxable income in India, only exempt income of Rs 4 lakhs. The query seeks guidance on how to file income under the appropriate head to claim a refund of the TDS and whether there's a risk of an income tax notice for these withdrawals.

File returns Nd get refund

He doesnt have any taxable income in india. He has Only exempt income of 4lakhs. Is there any  possible of IT notice for withdrawals?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
23 July 2026
Semi qualified CA

Garg Bros & Associate CA

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
ARTICLESHIP 14 July 2026
Article Assistants

R Shyam and Associates

New Delhi

CA Final

View Details
Company
23 July 2026
Senior Accountant

Felicity Adobe LLP

Bengaluru

CA Inter

View Details
Company
20 July 2026
Senior GST Executive

Chandak Agarwal & Co

Mumbai

Graduate (Any)

View Details
Company
13 July 2026
AVP / VP - PCG Advisory

Workforce Connect

Mumbai

MBA

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Follow