Tag Archives: TDS on Cash Withdrawal

New Cash Transaction Limits Under the Income Tax Act 2025

By | February 16, 2025
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Cash Transaction Limits Under the Income Tax Bill 2025 The Income Tax Bill 2025 introduces significant changes to cash transaction limits in India. This video provides a comprehensive overview of the new rules, covering: Restrictions on cash receipts (₹2 lakh limit) Limits on cash expenses for businesses (₹10,000/₹35,000) Rules for accepting and repaying loans in… Read More »

Section 194N Income Tax :TDS on Payment of certain amounts in cash by Banks/Post offices

By | July 6, 2019
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TDS on cash withdrawal from banks

Section 194N Income Tax : Payment of certain amounts in cash Section – 194N, Income-tax Act, 1961 – FA, 2024 1 [Payment of certain amounts in cash.2  194N. Every person, being,— (i) a banking company to which the Banking Regulation Act, 1949 (10 of 1949) applies (including any bank or banking institution referred to in section 51 of that… Read More »