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New Rules Alert! 5 Big Shifts from May 1That Will Impact Your Home and Wallet
As May 2025 dawns, some important rule changes have taken place inIndia. These changes will have a direct bearing on family budgets, banking...
![Time Gap between Cash Withdrawal and Deposit Insufficient to treat amount as Undisclosed Income u/s 69: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Ahmedabad-Time-Gap-Between-Deposit-Undisclosed-Income-taxscan.jpeg "Time Gap between Cash Withdrawal and Deposit Insufficient to treat amount as Undisclosed Income u/s 69: ITAT [Read Order]")
![Post Offices to deduct TDS on Cash Withdrawal above Rs. 20 lakh from National (Small) Savings Schemes for non-ITR filers [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/03/Post-Offices-TDS-ITR-Cash-Withdrawal-National-Small-Savings-Schemes-Taxscan.jpg "Post Offices to deduct TDS on Cash Withdrawal above Rs. 20 lakh from National (Small) Savings Schemes for non-ITR filers [Read Circular]")
![No TDS on Cash Withdrawal u/s 194N for Forex Authorised dealers & Full-Fledged Money Changers: CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2019/10/Forex-TDS-CBDT-Taxscan.jpg "No TDS on Cash Withdrawal u/s 194N for Forex Authorised dealers & Full-Fledged Money Changers: CBDT [Read Notification]")
Budget proposes 2 % TDS on Cash Wthdrawal exceeding Rs. 1 cr in a year from Bank Account to Encourage Digital Payments
The Union Budget today proposed to levy TDS of 2 per cent on cash withdrawal exceeding Rs. 1 crore in a year from a bank account. This is in continuation of a number of initiatives taken in the recent...
