Tag: Section 194N

Key Features – File Validation Utility (FVU) version 6.6 & 2.162

File Validation Utility (FVU) version 6.6 Addition of new column in Form 26Q & 27Q New column “Amount of cash withdrawal in excess of Rs. 1 crore as referred to… Read more »

Key Features – File Validation Utility (FVU) version 6.5 & 2.161

File Validation Utility (FVU) version 6.5 Addition of new section code 194N (i.e. “Payment of certain amounts in cash”) for Form 27Q Same will be applicable for regular and correction… Read more »

Budget 2019 – TDS from withdrawals of cash exceeding Rs. 1 Crore

A new Section 194N proposed to be included in Income Tax Act. If the withdrawal of cash exceeds Rs. 1 crore in a financial year a 2% of TDS will… Read more »

Budget 2019 – TDS from withdrawals of cash exceeding Rs. 1 Crore

A new Section 194N proposed to be included in Income Tax Act. If the withdrawal of cash exceeds Rs. 1 crore in a financial year a 2% of TDS will… Read more »