Income Tax Notification 27/2025 Dated 04/04/2025

No TDS under section 194EE on withdrawals from NSS deposits: The notification provides that withdrawals from National Savings Scheme (NSS) under section 80CCA, made by individuals, will not be subject to tax deduction at source (TDS) under Section 194EE. Earlier the Finance Act 2025 had provided exemption to the withdrawals made by individuals on or after 29th day of August, 2024, from NSS. (Income tax Notification 27/2025 Dated 04/04/2025)

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