Bad News for Non-Filers

Bad News for Non-Filers

The government is likely to increase the financial pressure on non-filers in the upcoming fiscal year by doubling the withholding tax on their bank cash withdrawals. This move is aimed at generating an extra Rs. 15–20 billion in revenue for the 2025–26 budget, according to sources. A proposal is being considered to raise the current withholding tax on cash withdrawals

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