TDS under sec 194N

194 N is applicable in case of Cash credit loan accounts.
Replies (4)
No it will be applicable on withdrawl of cash
If cash withdrawals in loan accounts 194 N is
applicable
If you withdraw 1 crore or above than it will be applicable
194N is applicable on cash withdrawals in excess of 1 crore @ 2%

194N is not based on types of bank account viz. current, OD CC Loan etc.

194N is on cash withdrawals from all types of bank accounts

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