| Question And Answer | |
|---|---|
| Subject: | TDS u/s 194N – Cash withdrawal from Bank |
| Category: | Income-Tax |
| Querist: | kollipara sundaraiah |
| Answered by: | Law Intern |
| Tags: | TDS u/s 194A |
| Date: | August 24, 2025 |
sir,
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
There is no difficulty in doing so. Section 194A requirements are fulfilled if the TDS is paid out of the SB A/c.
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