Lower TDS Certificate for Cash Withdraw
Bhargav (Accountant) (38 Points)
06 May 2020
We know that bank deduct TDS on cash withdrawal.Can we apply for lower TDS Certificate of this ?
1 Replies
Kiran Hathalia
(837 Points)
Replied 06 May 2020
We can not apply for the lower or nil deduction of TDS in this case as section 197 has not amended to give effect of the same. Since, section 197 has only permitted specified payments on which lower or nil deduction certificates can be issued.
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