TDS u/s 194N on IMPS

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ipcc
209 Points Posted on 19 June 2021
whether tds u/s 194N applies on IMPS transaction holders
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On 19 June 2021 at 18:08 Report
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This discussion clarifies whether Tax Deducted at Source (TDS) under Section 194N is applicable to IMPS transactions. The consensus is that IMPS transactions are not considered cash transactions, and therefore, TDS under this section does not apply to them.

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CMA
13117 Points Posted on 19 June 2021

No, IMPS transactions are not cash transactions.

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On 19 June 2021 at 18:14
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ipcc
209 Points Posted on 19 June 2021
Ok thanku andi
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On 19 June 2021 at 22:56
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Chartered Accountant
24588 Points Posted on 20 June 2021
No, TDS is not applicable on IMPS transactions
1 Reply
On 20 June 2021 at 05:56

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