Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Union Budget 2023-24: Section 194N Amendment Raises Cash Withdrawal TDS Threshold for Co-operative Societies to Rs. 3 Crore.</h1> The Union Budget 2023-24 proposes an amendment to Section 194N of the Income Tax Act, increasing the threshold limit for co-operative societies to withdraw cash without tax deduction at source (TDS). Currently, banks, co-operative societies, and post offices must deduct 2% TDS on cash withdrawals exceeding one crore rupees annually. For non-filers, TDS is 2% on withdrawals over 20 lakh rupees and 5% on amounts exceeding one crore rupees. The amendment raises the threshold for co-operative societies to three crore rupees, effective from April 1, 2023.
TaxTMI 
TaxTMI 