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Cash withdrawals over Rs 1 crore to attract 2% TDS...

Cash withdrawals over Rs 1 crore to attract 2% TDS from September 1: Tax department The Central Board of Direct Taxes (CBDT) said that if a person has already withdrawn Rs 1 crore or more in cash up to August 31, 2019, in the current fiscal, the two per cent TDS shall apply on all subsequent cash withdrawals.

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2019personcent TDSAugust 31attract 2Rs 1 croreSeptember 1Direct TaxesCentral Boardcurrent fiscalsubsequent cash withdrawals

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