TDS on cash withdrawal above ₹1 crore from September 1

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Those who have withdrawn ₹one crore or more in cash from banks or post offices upto 31 August will be liable to a 2% tax deducted at source (TDS) on further cash withdrawals from 1 September as a new provision in tax law kicks in from next month, the government said on Friday.

TDS on cash withdrawal above ₹1 crore from September 1
 

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