Question ID : 40769

TDS on cash withdrawl

A cooperative Society is dealing in providing fertilizers/essential goods etc to its members . It has withdrawn cash in excess of 1 crore in financial year 2019-20 Whether TDS @2% is necessarily to be deducted by bank or certificate from Income tax department will work here for non deduction/Lower deduction etc

posted by Mahesh Kumar on Aug 12 2020 12:00AM