Whether the limit of Rs. 1cr is for single account or for all accounts maintained with a bank?

The limit of Rs. 1cr is overall limit for all accounts (like saving A/c, current A/c etc) maintained by a person with one bank. The limit is per bank rather than per account.

How the TDS under Section 194N will be reflected under Form 26AS?

Form 26AS is a statement for such income on which tax is deducted and deposited to government by deductor. However, cash withdrawal cannot be considered as an income. Therefore, the government has simultaneously amended section 198 of the Income Tax Act wherein it is clarified that cash withdrawal shall not be deemed to be the income of the person.

TDS Sections | Learn by Quicko

Section 194N : TDS on Cash Withdrawal

Divya Singhvi

2020-05-22 10:10:08

Form 16A

Form 26Q

Section 194N

TDS

TDS Sections

Section 194LA : TDS on Payments of Compensation on Acquisition of certain Immovable Property

Divya Singhvi

2020-05-21 11:44:00

Form 16A

Form 26Q

Section 194LA

TDS

TDS Sections

Section 194D : TDS on Insurance Commission

Divya Singhvi

2020-05-21 11:19:42

Form 26Q

Section 194D

TDS

TDS Sections

TDS u/s 193 : Interest on Securities

Divya Singhvi

2020-05-21 11:12:58

Form 16A

Form 26Q

Section 193

TDS

TDS Sections

Section 194 : TDS on Dividend from Equity Shares

Sakshi Shah

2020-05-21 10:35:17

Equity Trading

Form 16A

Form 26Q

Sec 194

TDS Sections

Section 194M : TDS on Payment to Resident

Maharshi Shah

2020-02-25 10:37:44

Form 16D

Form 26QD

HUF

Indian Resident

Section 194M

Section 194O : TDS on E-Commerce Sales

Sakshi Shah

2020-02-11 12:44:21

194O

E-Commerce Operator

E-Commerce Supplier

Form 16A

Form 26Q

TDS

TDS Sections

Section 194K : TDS on Dividend from Mutual Funds

Sakshi Shah

2020-02-10 11:18:45

Form 16A

Form 26Q

Mutual Fund

Sec 194K

TDS

TDS Sections

Section 194J: TDS on Professional Fees

Hiral Vakil

2019-03-09 07:39:09

TDS

TDS Sections

Section 194H: TDS on Commission or Brokerage

Hiral Vakil

2019-03-09 07:29:52

TDS

TDS Sections

Section 194IA: TDS on sale of Property

Hiral Vakil

2019-03-09 07:24:21

TDS

TDS Sections

Section 194I : TDS on Rent payment

Hiral Vakil

2019-03-09 07:05:46

TDS

TDS Sections

Section 194C: TDS on payment to Contractors

Hiral Vakil

2019-03-09 06:59:04

TDS

TDS Sections

Section 194A : TDS on Interest other than Interest on securities

Hiral Vakil

2019-03-09 06:48:40

TDS

TDS Sections

Section 192: TDS on Salary

Hiral Vakil

2019-03-09 06:29:09

TDS

TDS Sections

Section 195 : TDS rates for NRI (Non-Resident Indian) as per Income Tax Act

Hiral Vakil

2019-02-18 14:07:26

TDS

TDS Sections

Section 194IB: TDS on Rent of Property

Hiral Vakil

2019-02-18 13:00:04

TDS

TDS Sections