TDS U/S 194 N

This discussion clarifies how Tax Deducted at Source (TDS) under Section 194N for cash withdrawals is reported in your Income Tax Return (ITR). Generally, you don't need to report the withdrawal amount directly unless you maintain a Profit & Loss account. Your books of accounts should substantiate the cash transactions. For your personal ITR, the main action is to claim credit for the Tax Collected at Source (TCS).