Alert
Dear Customer, As per Section 194N for deduction of tax at source (TDS) on Cash Withdrawals above 20 lakhs
for Financial Year: TDS 2% and above 1 Crore TDS 5% to be deducted w.e.f
01.07.2020 for Non I.T returns filers.
You are required to submit I.T returns for previous 3 Financial Year or else TDS will be deducted accordingly.
Thanks and regards,
The Bharat Co-op Bank Ltd