Audit case
This query is : Open
BIJAL PARIKH
(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?
can i withdraw 190000/- everyday from different bank accounts i have?
CA Rashmi Gandhi
(Expert)
13 April 2018
No limit on cash withdrawal. Limit is for payment.
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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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