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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
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
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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