Tag Archives: 194N

TDS on cash withdrawal from 01.09.2019 u/s 194N : CBDT clarification

By | August 30, 2019

Ministry of Finance Clarification on applicability of Tax Deduction at Source on cash withdrawals Posted On: 30 AUG 2019 In order to discourage cash transactions and move towards less cash economy, the Finance (No. 2) Act, 2019 has inserted a new section 194N in the Income-tax Act,1961 (the ‘Act’), to provide for levy of tax… Read More »