You may also like...
-
-
-
OVERVIEW OF SECTION 194N & RECENT LANDMARK JUDGMENTS OF MADRAS HC AUTHOR :DR RAMASWAMY income-tax/overview-section-194n-landmark-judgments-madras-hc.html TDS on Cash Withdrawals – Section 194N of Income Tax Act, 1961: Section 194N provides that every banking company, cooperative bank, or post office shall be required to deduct tax at source from any sum paid in cash from one or more accounts maintained by the recipient. The tax shall be deducted at the rate of 2% or 5% as the case may be.
by Sekar Reporter · Published December 25, 2023