Chartered Accountant
4524 Points
Joined July 2014
TDS is applicable on cash withdrawal limit exceeds 1 crore rupees and bank shall deduct TDS @ 2% of sum exceeding Rs. 1 Crore
And In case the recipient has not filed the income tax return for preceding 3 financial years: TDS will be deducted at 2% on Rs. 20 lakhs to 1 crore amount withdrawn and 5% on the amount exceeding Rs. 1 crore during the financial year.