Bank WHT for Non Filers on Cash withdrawal | Budget 2023-24

1 year ago
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wht for non filers cash withdrawal tax for non filers non atl tax tax on bank transactions bank wht for non filers wht on bank transactions budget 2023-24 highlights

in budget 2023-24 federal Govt has imposed withholding tax of .6% for Non ATL persons or Non filers who withdraw Rs.50000 or above in a single day through any medium including but not limited to through cheque from branch or through atm.
there will be no tax for Non cash transactions for Non filers and there is no such tax for filers on cash and transfer bank transactions of any amount.

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