Time To Cheer
The Budget has many pleasant surprises on the corporate tax front
In an unexpected move, the finance minister levied 2 per cent TDS (tax deducted at source) on cash withdrawal of Rs 1 crore or more in a year. Nirmala Sitharaman justified this by saying that whatever has to be done with such a large amount of cash, can be done electronically too. The trading community has expressed its displeasure. V.K. Bansal, National General Secretary, Federation of All India Vyapar Mandal, says deposit and withdrawal of cash in business is a common
