Question
Which section deals with TDS on cash
withdrawals?Solution
Section 194N provides that every person, being a banking company to which the Banking Regulation Act, 1949 applies (including any bank or banking institution referred under section 51 of that Act) a co-operative society engaged in carrying on the business of banking or a post office who is responsible for paying any sum, being the amount or aggregate of amounts, as the case may be, in cash exceeding 1 crore during the previous year, to any person from one or more accounts maintained by such recipient-person with it, shall deduct tax at source @2% of such sum.
What is the name of the advanced 5th generation battle tank introduced by the Israeli Defense Ministry?
Priority Sector Lending by banks in India constitutes the lending to
Alysa Liu, a 2022 Olympian and world championships bronze medalist, is retiring from competitive figure skating at age 16. She is from ___________.
How has India's position in the global mobile phone production market changed by the end of the decade 2014-2024?
Who was sworn in as Nepal’s first woman Prime Minister?
How many farmers are expected to benefit under the IOB-Amul-Richplus organic farming initiative?
What initiative by the Reserve Bank of India (RBI) aims to enhance digital wallet interoperability in 2024?Â
- In which year was the export ban on broken rice imposed by the Indian government?
Recently which country has become the first from Asia to join NATO Cyber Defence Group?
Which India-born British man won the “Freedom of the city of London” award?
Relevant for Exams:
