Cash withdrawal TDS exemption applies to payments made to government, banks, authorised correspondents, and white-label ATM operators.

Exemption from tax deduction at source applies to specified cash payments otherwise subject to threshold-based deduction. No deduction is required where payment is made to the Government, banking companies, co-operative societies engaged in banking, or post offices. The exemption also covers business correspondents of banking companies or co-operative banks operating under Reserve Bank of India guidelines and authorised white label ATM operators. The exemption depends on the recipient's specified status.

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