Answered step by step
Verified Expert Solution
Question
1 Approved Answer
6 . Mr . Nihar maintains a savings A / c and a current A / c in Mera Bank Ltd . The details of
Mr Nihar maintains a savings Ac and a current Ac in Mera Bank Ltd The details of withdrawals on various dates during the previous year are as follows:
Date of Cash withdrawal Saving AC Current Account
Mr Nihar regularly files his return of income. Is Mera Bank Limited required to deduct tax at source on the withdrawals made by Mr Nihar during the previous year If yes, what would the amount of tax deducted at source?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started