Cash withdarwal rs.4.00 lac from bank

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 April 2017 Unknown about the recent rule, I have withdrawn Rs. 4.00 lac from my saving bank account on 03.04..2017.. What is the consequences now ? Is there may be any remedy or explanation for the same ?

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
Follow

04 April 2017 Even cash withdrawals of Rs. 2 Lakhs or above are understood to have been covered under section 269ST applicable from 1.4.2017. In case of any query from income tax department you may offer your explanations regarding the source of such cash such as past savings, income, receipt etc.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

THUSHAR MURALI KRISHNA

rana andcompany

Vinod Patil

CA jignesh daiya

Pritanu Chakraborty

Subscribe Now

Cash withdarwal rs.4.00 lac from bank

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Manager- Finance and Compliance

GST CONSULTANCY

Accountant

GST CONSULTANT

Article Assistant