2% TDS on cash withdrawals from banks/post offices with effect from 01.09.2019-New Section 194N
July 5, 2019
Budget 2019-20, Income Tax
2% TDS on cash withdrawals from banks/post offices with effect from 01.09.2019-New Section 194N In order to further discourage cash transactions and move towards less cash economy, the Union Budget 2019-20 has proposed to insert a new section 194N. Section 194N – Payment of certain amounts in cash …