Cash withdrawal for personal drawings purposes

A individual status it person cash withdrawal rs:15,000/- per month for the purpose of family expenses.
question:
cash withdrawal rs:15,000x12 months accepted in it act.
Replies (3)
Quick Summary
This discussion clarifies that a monthly cash withdrawal of Rs 15,000 for personal family expenses is generally accepted under the Income Tax Act for individuals. While there are specific rules and thresholds for companies, this amount is considered reasonable for personal use and does not pose an issue.

Yes it's accepted and there's no bar for cash withdrawal
For an individual it's OK.
But for a company it's there. But the threshold limit is there .
Yes, it's acceptable as it's reasonable

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details