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
The bank must deduct TDS from the withdrawal amount itself, and cannot allow the customer to adjust it from his SB account.
Posted by
CA. SURAJ KUMAR CHOUDHARY on
Aug 27, 2025