Avoid high TDS rates by transacting online, filing ITR regularly
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July 3, 2020The purpose of levying high TDS is to minimize cash transactions and push digital payments. “The levy is applicable only for large cash withdrawals. The intent is to minimize cash transactions and expand digital payments to enlarge the ambit of organized transactions over time,” said Divakar Vijayasarathy, founder and managing partner, DVS Advisors LLP.