hai gd mng to all,
I have partnership firm, nature of business is Works contract. I want to make payment for wages around Rs 800000/ for oneday- can i draw per day amount Rs 800000/-to make payment for wages, if not how much amount to draw per day. please suggest sir
Menu
CASH DRAWINGS
Replies (1)
There is no restriction under IT Act on withdrawal of cash from Bank. But there is a restriction on cash payment to a person per day. This limit is <10k subject to certain exceptions.
Recent Topics :
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
Related Topics :
CAclubindia
