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
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.
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