· The Change: The cash withdrawal TDS rules state you will pay 2% TDS on cash withdrawals exceeding ₹1 Crore from banks or post offices.
· Impact: For co-operative societies, the limit is higher at ₹3 Crores. If you have not filed your Income Tax Return (ITR) for the past 3 years, the threshold drops significantly to ₹20 Lakhs
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