TDS on cash withdrawal above 1 crore to discourage cash transactions

Last updated: 05 July 2019

In order to further discourage cash transactions and move towards less cash economy, it is proposed to insert a new section 194N in the Act to provide for levy of TDS at the rate of two per cent on cash payments in excess of one crore rupees in aggregate made during the year, by a banking company or

You have reached daily limit of 2 Free News. To view this or other News please subscribe to CCI PRO :

GST Plus

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 1999/-

Offer Price : INR 999/-

Duration : 1 year
(Prices Inclusive of GST)


Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)
Join CCI Pro

Category Union Budget   Report

Comment   Share
  4149 Views
Comments

Recent News :

  1. CBDT Notifies ITR Forms 1 and 4 for AY 2025-26
  2. FM Nirmala Sitharaman Targets 1 Billion UPI Transactions Per Day Within 2-3 Years
  3. Customs Issues Instruction to Close Attari Integrated Check Post for All Movements Amid Security Alert
  4. Ministry of Finance Revises Authorized Banks for Customs Duty Collection
  5. CBDT Sets Aggressive Rs 2.4 Lakh Crore Target to Unearth Black Money in FY 2025-26
  6. Commercial Taxes Inspector Arrested for Rs 20 Lakh Bribe in Paan Masala Smuggling
  7. RBI Revises FEMA Compounding Rules: Penalty Capped at Rs 2 Lakh
  8. Faceless IT Scheme Sabotage: CBI Arrests Senior IRS Officer, Private Individual
  9. Direct Tax Collections Rise 13.57% in FY 2024-25
  10. CBIC Assigns Customs Authorities to Adjudicate High-Profile Show Cause Notices Involving Top Companies

More »


Popular News




CCI Pro

Trending Online Classes

view all classess

Browse by Category