Proposed TDS on cash withdraw exceeding INR 1 crore – Ambiguity in provision

Amongst other direct tax proposals, Govt. has proposed to insert a new section under the Income tax Act, 1961 for notifying the liability of bank, Cooperative society engaged in banking sector, and post office to deduct tax on cash withdraw aggregating to exceeding INR 1 crores by the taxpayer in a year.

from taxmann.com News https://www.taxmann.com/topstories/222330000000019028/proposed-tds-on-cash-withdraw-exceeding-inr-1-crore-–-ambiguity-in-provision.aspx