Section 194N: Exemptions for Foreign and International Entities
The Central Government has provided a significant update in the recent notification vide number 123/2024 regarding the applicability of Section 194N of the Income-tax Act, 1961. This update, effective from 1st December 2024, exempts specific entities from the provisions of Section 194N, which deals with TDS on cash withdrawals exceeding certain thresholds. Key Details of…