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Verification Of Applicability u/s 194N Of Income Tax Act

Under the Income Tax Act, 1961, a banking company (to which the Banking Regulation Act, 1949 (10 of 1949) applies), a co-operative society (engaged in carrying on the business of banking) or a post office, which is responsible for paying a sum exceeding one crore rupees (INR 1 crores) in cash during a year (to … Read moreVerification Of Applicability u/s 194N Of Income Tax Act