2 lakhs cash withdrawal from own bank account

This discussion clarifies the legality of withdrawing a large sum of cash, specifically Rs. 2 lakhs, from one's own bank account, even if done by an employee. It addresses concerns about potential fraud and whether such withdrawals are permissible under the Income Tax Act, particularly for senior citizens during the current pandemic. The consensus is that withdrawals with consent are not penalised, but unauthorised transactions require bank intervention.