TDS be deducted on cash withdrawals from post office schemes

As per the provisions, if aggregate cash withdrawal by an investor exceeds Rs 20 lakh but does not exceed Rs 1 crore during a financial year and he is a non-ITR filer, then TDS at the rate of 2 per cent will be deducted from the amount exceeding Rs 20 lakh.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3fr5lP6