Dear sir,
please give the information about, how much cash withdrawal within a financial year in a Pvt. ltd. company.
Regards
Sanjay Sharma
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cash withdrawal limit
Replies (4)
Hi Sanjay,
you can withdraw any amount in cash from Bank/FI. In budget 2019 Tds is made applicable on withdrawl more than 1 crores @ 2%.
you can withdraw any amount in cash from Bank/FI. In budget 2019 Tds is made applicable on withdrawl more than 1 crores @ 2%.
Agree with Kuldeep Sir's view...
Budget 2019-20 has proposed to insert a New SECTION "194N" which will be applicable w.e.f 01.09.2019, which deals with TDS @ 2% by Banks and Post Offices on Cash withdrawal of more than Rs.1 crore during a FY.
Warm Regards.
Budget 2019-20 has proposed to insert a New SECTION "194N" which will be applicable w.e.f 01.09.2019, which deals with TDS @ 2% by Banks and Post Offices on Cash withdrawal of more than Rs.1 crore during a FY.
Warm Regards.
Thank you very much sir
Your most welcome Sir...
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