TDS on Cash Withdrawal – Section 194N Extract of Section 194N of Income tax Act, 1961 as amended by Finance Act (No. 2) 2019. Payment of certain amounts in cash. 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 […]
Sec. 194DA: TDS, on Payment in respect of life insurance policy, to be deducted by the insurer. Charging section: 194DA of Income Tax Act 1961. What section 194DA says? (Up to 31.8.2019) 194DA states, any person responsible for paying to a resident any sum under a life insurance policy, including the sum allocated by way […]
