Question ID :
44913
TDS u/s 194N - Cash withdrawal from Bank
A client is a cooperative bank. One of their customer ask them to deduct TDS amount from SB A/c instead from cash withdrawal amount. For e.g., if he withdraw Rs,1.2 Cr cash from closure of deposit. TDS amount of Rs,2.4L to be deducted from SB A/c and remit the full amount of Rs,1.2 Cr in cash,
Posted by
SRIPRIYA PRAKASAM
on
Aug 22, 2025
Filed Under
DIRECT TAXES