Section 194N of the Income-tax Act, 1961 is s.393(3) [Table: Sl. No. 5] of the Income-tax Act, 2025. The Income-tax Act, 2025 is in force from 1 April 2026 and applies from FY 2026-27.
Sum paid in cash from one or more accounts maintained by the recipient
Source: the enacted text of the Income-tax Act, 2025 [30 of 2025], as amended by the Finance Act, 2026, page 481. This page sets out the Table entry as read from the Act; read the section and the Notes to its Table before relying on it for a return or an opinion.
Section 194N of the Income-tax Act, 1961 is s.393(3) [Table: Sl. No. 5] of the Income-tax Act, 2025. The Income-tax Act, 2025 is in force from 1 April 2026 and applies from FY 2026-27.
Rate: 2%. Threshold: ₹3,00,00,000 where the recipient is a co-operative society; ₹1,00,00,000 otherwise. It covers: Sum paid in cash from one or more accounts maintained by the recipient.