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2 lakhs cash withdrawal from own bank account
please clarify the position RS. 2 lakhs from my bank account through my employee .
Replies (8)
Is it a fraud? Transfer the amount to suspense account and call the police.
My personal purpose this type withdrawal permissible or not under I T Act , please clarify the position .
This amounts to circumventing the provisions of the Act.
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
Any transfer is possible online. Since banks are working, transfers are permissible.
Any penalty imposeable this type withdrawal from own account under Income tax act at present
If money is withdrawn from your account, there is no penalty imposed if the transaction occurred with your consent.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.
Thanks
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