CBDT Notifies Exemption from TDS on NSS Withdrawals Under Section 194EE

CBDT has notified an exemption from TDS (Tax Deducted at Source) on withdrawals from the National Savings Scheme (NSS) under Section 194EE of the Income Tax Act. This notification provides relief to individuals making withdrawals from their NSS accounts, as TDS will not be deducted under the specified section. This aims to simplify the process for NSS account holders receiving their funds. The exemption is specific to withdrawals covered under Section 194EE of the Income Tax Act.