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Cash withdrawal form bank

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 March 2016 IF I WITHDRAW 50,000/- FROM BANK IN SINGLE DAY AND I USED THIS AMOUNT FOR MY BUSINESS EXPENSE AS FIVE CONSECUTIVE DAY AS 10,000/- EACH DAY..

SO CAN I TAKE DEDUCTION OF THIS EXPENSE IN INCOME TAX..???
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CA MANISH SAXENA

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CA MANISH SAXENA (Expert)
23 March 2016 yes of course!
There is no relation between both fact you mention!
Thanks!!

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