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Ca Sumeet Kankani

Latest Posts by Ca Sumeet Kankani

TDS under Section 194N of Income Tax Act 1961

July 26, 2020 4635 Views 2 comments Print

SECTION 194N OF INCOME TAX ACT 1961- Payment of certain amounts in cash Section 194N was introduced by the Government in July 2019 to discourage the cash transactions in the country and promote a digital economy by making tax deducted at source (TDS) at the rate of 2 per cent applicable on cash withdrawals over […]

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