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Jul 19, 2019
Finance Bill 2019: Cash withdrawal from multiple accounts to be aggregated for levying 2% TDSIn the Budget presented on 5 July, Finance Minister Nirmala Sitharaman had provided for 2 percent TDS on Rs 1 crore cash withdrawal from "an account" to discourage high-value cash withdrawal.
Sep 17, 2018
Walmart paid Rs 7,439 cr tax on Flipkart deal; did not deduct taxes from 34 shareholders, say officialsIn case of the Walmart-Flipkart deal, the withholding tax pertains to the capital gains made by the shareholders of Flipkart.