10/08/2025
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For newest profile, which happen to be generally used by enterprises and organizations to own each day deals, the cash deposit restriction is frequently large compared to deals membership. As well, Point 269ST of the Tax Act stipulates penalties for individuals just who discovered INR dos lakh or maybe more within the dollars in this a particular seasons or deal. However, so it punishment cannot connect with financial distributions, even if TDS deductions can be applied to help you distributions one exceed the brand new based limits. Looking at cash distributions, the principles to have TDS are in depth within the Point 194N of your Indian Taxation Work.
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