Question ID : 21519

TDS u/s 194N - Cash withdrawal from Bank

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,

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