TDS u/s 194 N is to be made by a bank from an account holder for cash withdrawal exceeding ₹20 lakhs if the account holder has not furnished the return of income for last:

CS Executive · Tax Laws and Practice · PYQS · December 2021
TDS u/s 194 N is to be made by a bank from an account holder for cash withdrawal exceeding ₹20 lakhs if the account holder has not furnished the return of income for last:
(A) 1 assessment year
(B) 2 assessment year
(C) 3 assessment year
(D) None of the above

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

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