Sec. 269st
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 April 2017
Is 269ST attracted when cash withdraw from more than one bank above Rs. 200000/- in a single day?
03 April 2017
Section 269ST is not attracted if total cash withdrawal is more than 2 lakhs but from more than one bank. withdrawal from each bank must be below 2 lakhs.
CA Gopal Somani
(Expert)
06 April 2017
A press release has been issued. Cash withdrawal from bank is not included under 269ST Below is the link https://www.incometaxindia.gov.in/Lists/Press%20Releases/Attachments/610/Press-Release-on-promoting-Digital-Economy-5-4-2017.pdf
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