The Union Budget today proposed to levy TDS of 2 per cent on cash withdrawal exceeding Rs. 1 crore in a year from a bank account. This is in continuation of a number of initiatives taken in the recent past for the promotion of digital payments and less cash economy, and to promote digital payments […]
The post Budget proposes 2 % TDS on Cash Wthdrawal exceeding Rs. 1 cr in a year from Bank Account to Encourage Digital Payments appeared first on Taxscan | Simplifying Tax Laws.
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