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2 lakhs cash withdrawal from own bank account

ANIL KUMAR KHETAN (PROPRIETOR) (486 Points)

09 June 2020

please clarify the position RS. 2 lakhs from my bank account through my employee .

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8 Replies

yasaswi gomes (My grammar is 💯 good I) (7290 Points)
Replied 09 June 2020

Is it a fraud? Transfer the amount to suspense account and call the police.

1 Like

ANIL KUMAR KHETAN (PROPRIETOR) (486 Points)
Replied 09 June 2020

My personal purpose this type withdrawal permissible or not under I T Act , please clarify the position .

Padmanabhan (Student) (1321 Points)
Replied 09 June 2020

This amounts to circumventing the provisions of the Act.

ANIL KUMAR KHETAN (PROPRIETOR) (486 Points)
Replied 09 June 2020

Why , I am senior citizens age above 69 years and government guideline not move at present KARONA position in India , it is permissible or not at present condition

yasaswi gomes (My grammar is 💯 good I) (7290 Points)
Replied 09 June 2020

Any transfer is possible online. Since banks are working, transfers are permissible.

ANIL KUMAR KHETAN (PROPRIETOR) (486 Points)
Replied 09 June 2020

Any penalty imposeable this type withdrawal from own account under Income tax act at present

yasaswi gomes (My grammar is 💯 good I) (7290 Points)
Replied 09 June 2020

If money is withdrawn from your account, there is no penalty imposed if the transaction occurred with your consent. If someone took your money without your knowledge, you have to speak to the bank for compensation.