Post by: Rita Seal in Banking Compliance Income Tax
Amended Section 194N - TDS On Cash Withdrawals In an aggressive move to boost a cashless economy in India, the Finance Minister, Ms. Nirmala Sitharaman announced Section 194N under the Income Tax Act, 1961 at the Union Budget 2019. Under…
Post by: Chris John in Compliance Income Tax
Section 194N: TDS on Cash Withdrawals The Union Budget of 2019 implemented various amendments to the existing sections of the Income Tax Act. As part of the changes, the Budget also included new sections, including Section 194M and Section 194N.…
