SIR ONE OF THE MY CLIENT TDS DEDUCTED U/S 194 N
WHICH ITR WE SHOULD SELECTED
THANKS
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WHICH ITR SELECTED
Replies (2)
TDS u/s. 194N does not specify any activity based on income might have been derived. So based on any source of income arrive at ITR selection.
The TDS is deducted on cash withdrawal from bank account, so just check its accountability.
Generally TDS deducted u/s 194N due to high cash transaction more than 50 lakhs. Reason for such high transaction is business only , so I would suggest to go for ITR-3 or ITR-4
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