Cash withdrawal withholding exemption applies to specified government, banking, postal, business correspondent and authorised ATM operator payments.

Cash payments otherwise subject to tax deduction at source under Section 393(3) are not subject to deduction when paid to the Government, banking companies, co-operative banking societies, post offices, eligible business correspondents, or RBI-authorised White Label ATM Operators. The exemption is provided under Section 393(4), Table serial number 18, and corresponds to the Section 194N framework.

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