April 20, 2026
Submitted By: Shristi Rajput
Circular No.14/2020 Clarification in releation to issued under clause of proviso to section 194N under income tax act
It explains the applicability of TDS on large cash withdrawals, including clarification on the proviso (exceptions/relaxations) and identifies cases where TDS may not apply or applies at different rates, ensuring proper compliance by banks and taxpayers.
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