https://www.taxtmi.com/manuals?id=1918 Tax deduction at source applies at 2% on cash withdrawals from one or more accounts maintained with a banking company, co-operative bank or Post Office. The deduction threshold is Rs.3 crore where the recipient is a co-operative society and Rs.1 crore for other recipients. The mechanism is limited to cash withdrawals, subject to the specified exception for non-deduction at source, and has a distinct threshold and rate structure from the corresponding Income-tax Act provision. en-us Wed, 18 Jan 2023 15:46:00 +0530 Mon, 24 Aug 2026 18:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1918 Tax deduction at source applies at 2% on cash withdrawals from one or more accounts maintained with a banking company, co-operative bank or Post Office. The deduction threshold is Rs.3 crore where the recipient is a co-operative society and Rs.1 crore for other recipients. The mechanism is limited to cash withdrawals, subject to the specified exception for non-deduction at source, and has a distinct threshold and rate structure from the corresponding Income-tax Act provision. Manuals Income Tax Wed, 18 Jan 2023 15:46:00 +0530 https://www.taxtmi.com/manuals?id=1918