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44AB AUDIT (CASH RECEIPT AND CASH PAYMENT)

This query is : Resolved 
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(Querist)
24 June 2023 Under Section 44ab
I have query about Cash Payment and Cash receipt should be below 5%
Does cash withdrawal and cash deposited transaction will also consider as Cash receipt and cash payment. ?

Note : Assessee has received all sales receipt through Netbanking.

Please advise while calculating 5% of cash receipts do we need to include cash withdrawal in total receipts ??
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
24 June 2023 Cash withdrawal from bank accounts is not considered under cash receipts.
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