Budget 2019: 2% TDS on cash withdrawal not a new concept in India, but will you be impacted?
Will you be impacted?
Jairaj Purandare, Chairman, JMP Advisors said, “With this proposal, the Government hopes to transition towards a ‘less cash economy’. This proposal is somewhat similar to Banking Cash Transaction Tax (‘BCTT’) which was levied from 1 June 2005, albeit at 0.1% of cash withdrawals and was withdrawn from 1 April 2009.”
Industry Leaders Reaction on Budget 2019: Adi Godrej says Budget is not growth-oriented; stock market comes down considerably
Prime Minister Narendra Modi’s government unveiled the Budget for 2019/2020 on Friday, seeking to reverse weakening growth and investment that threaten to take the shine off a recent landslide election…
“While one would continue to pay 10 per cent LTCG on income over Rs 1 lakh on listed shares, if the capital gains along with the other income heads exceeds…