Sec. 269st

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03 April 2017 Is 269ST attracted when cash withdraw from more than one bank above Rs. 200000/- in a single day?

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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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

CA Gopal Somani (Expert)
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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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