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Cash Transaction

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Quick Summary

There are no government-imposed limits on how much money you can withdraw from your personal bank account for any purpose. For office expenses, you can withdraw any amount, provided you can properly account for all expenses in your returns. The key is to be able to demonstrate the legitimacy of the transactions.

PRAVIN Gopal

PRAVIN Gopal (Querist)
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29 August 2020 upto what limit,i can withdraw money from Ban accounts for office exp

dhiraj kabra

dhiraj kabra (Expert)
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29 August 2020 u can withdraw any amount subject to properly showing all the expenses in return

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)
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31 August 2020 There is no limit set by Govt on withdrawal of money from your own bank account for any purpose. You may make withdrawal whatever you want.

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