TDS On Cash Withdrawals: Check Rate, Exemption Limit Under Section 194N Of Income Tax Act – News18
Last Updated:November 21, 2024, 5:06 PM IST TDS under Section 194N is deducted by banks (private, public, and cooperative) or post offices. Section 194N of the Income Tax Act mandates Tax Deducted at Source (TDS) on cash withdrawals exceeding specific thresholds. (Representative image) Tax Deducted at Source (TDS) on cash withdrawals is a government mechanism…