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Which return file when tds deducted in sec. 194N salary person
which return file when tds deducted in sec. 194N of salary person.
Replies (5)
Quick Summary
Sec 194N is applicable on banking co or cooperative society bank or post office, when any person withdraw cash exceeds 1 crore during the previous year either single or more than 2 transactions then they are deduct TDS in excess of 1 crore money @ 2%.
You should file itr 1 bcz u r a salary person.
You should file itr 1 bcz u r a salary person.
If tax is deducted at source u/s 194n, then ITR 1 cannot be used. So ITR 2 probably.
Yes, itr 1 is used whose income upto 50 lakhs, in excess 50 lakhs should file itr 2.
Yes, I will agree with CA Purnima. If TDS has been deducted u/s 194N then ITR 1 cannot be filed by the taxpayer for salary income. Proceed with ITR 2
File ITR 2
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