Which section deals with TDS on cash

Solution

Section 194N provides that every person, being a banking company to which the Banking Regulation Act, 1949 applies (including any bank or banking institution referred under section 51 of that Act) a co-operative society engaged in carrying on the business of banking or a post office who is responsible for paying any sum, being the amount or aggregate of amounts, as the case may be, in cash exceeding 1 crore during the previous year, to any person from one or more accounts maintained by such recipient-person with it, shall deduct tax at source @2% of such sum.