Skip to main content
← back
Informative

No TDS on Withdrawals from Tax-Saving Schemes u/s 80CCA(2)(a) from April 4, 2025: CBDT

Update / Judgement Date

06 Apr 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Income Tax

The CBDT has clarified that there will be no Tax Deducted at Source (TDS) on withdrawals from tax-saving schemes under Section 80CCA(2A) with effect from April 4, 2025. This notification provides relief to investors in these specific tax-saving instruments. Withdrawals made after the specified date will not be subject to TDS. This clarification simplifies the tax implications for individuals making withdrawals from these schemes.