269 ss tax implication

Hi,

If a payee withdraws the cash through some instrument from payor's account, will it attract 269 SS? Payor gave him some instrument (bearer cheque or DD) and payee got cash from the bank. Payee name is mentioned in the bank statement of payor  like this-  SAK/CASH WDL//name of the payee.

Can somebody help me in this?

Thanks.

 

Replies (2)
yes 269ss will applicable
if such cash exceeds 20000 then 269ss is attracted

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