{"id":219717,"date":"2019-09-19T16:00:07","date_gmt":"2019-09-19T10:30:07","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=219717"},"modified":"2019-09-23T08:54:38","modified_gmt":"2019-09-23T03:24:38","slug":"centre-notifies-s-194-n-not-applicable-on-cash-withdrawals-cash-replenishment-agencies-and-franchise-agents-of-white-label-automated-teller-machine-operators","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/09\/19\/centre-notifies-s-194-n-not-applicable-on-cash-withdrawals-cash-replenishment-agencies-and-franchise-agents-of-white-label-automated-teller-machine-operators\/","title":{"rendered":"Centre notifies — S. 194 N not applicable on cash withdrawals Cash Replenishment Agencies and franchise agents of White Label Automated Teller Machine Operators"},"content":{"rendered":"
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S.O. 3356(E).\u2014<\/strong>In exercise of the powers conferred by clause (v) of proviso to Section 194N of the Income-tax Act, 1961 (43 of 1961), the Central Government after consultation with the Reserve Bank of India, hereby specifies Cash Replenishment Agencies (CRA\u2019s) and franchise agents of White Label Automated Teller Machine Operators (WLATMO\u2019s) maintaining a separate bank account from which withdrawal is made only for the purposes of replenishing cash in the Automated Teller Machines<\/strong> (ATM\u2019s) operated by such WLATMO\u2019s and the WLATMO have furnished a certificate every month to the bank certifying that the bank account of the CRA\u2019s and the franchise agents of the WLATMO\u2019s have been examined and the amounts being withdrawn from their bank accounts has been reconciled with the amount of cash deposited in the ATM\u2019s of the WLATMO\u2019s.<\/p>\n

2. The notification shall be deemed to have come into force with effect from the 1st day of September, 2019.<\/p>\n

\n

Ministry of Finance<\/strong><\/p>\n

[Notification dt. 18-09-2019]<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

S.O. 3356(E).\u2014In exercise of the powers conferred by clause (v) of proviso to Section 194N of the Income-tax Act, 1961 (43 of <\/p>\n","protected":false},"author":8808,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[],"class_list":["post-219717","post","type-post","status-publish","format-standard","hentry","category-legislationupdates","category-notifications"],"yoast_head":"\nCentre notifies -- S. 194 N not applicable on cash withdrawals Cash Replenishment Agencies and franchise agents of White Label Automated Teller Machine Operators | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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