Section 393(3); Table [For Payments to Any person] - Cash Withdrawal
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....withdrawals from one or more accounts Banking company, co-operative bank or Post Office 2% Rs.3 crore (co-operative society); Rs.1 crore (others) Scope of the provision Applies to cash withdrawals from one or more accounts maintained with the specified institutions. Person responsible to deduct tax • Banking company. • Co-operative bank. ....
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