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Audit case

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(Querist)
13 April 2018 Is there any limit of cash withdrawal from bank on daily basis to cash purchase of exempt goods??
can i withdraw 190000/- everyday from different bank accounts i have?
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
13 April 2018 No limit on cash withdrawal. Limit is for payment.
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CA SUNIL K GARG

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CA SUNIL K GARG (Expert)
16 April 2018 NO LIMIT FOR CASH WITHDRAWAL FROM BANK, AS SECTION 269 ST , RS 2 LACS RECEIPT IS NOT APPLICABLE FOR BANK WITHDRAWAL AS NOTIFIED BY CBDT. HOWEVER U/S 40 A (3) , EXPENSES IN CASH FOR MORE THAN 10 K ARE DISALLOWED
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