banner_ad

Cash withdrawals effect in gst and income tax (what about tcs rules in cash transction)

TDS / TCS 512 views 3 replies

Cash Tranction Thresh Hold Limit 10 lakh per year its ok 

But any Businessmen Withdrawals 11 lakh and paid Salary and wages 

1 lakh more withdrawals how calculated Income Tax and GST

No Any other option behalf paid Salary Wages Against Factory Worker

But muje a janana he ki Income tax kis tarah lagega and GST kis tarah lagega

Cross thresh hold Limit 

 

Replies (3)

From where you brought 'Cash transaction 10 lakhs limit?

Cash transaction for any purchase or expense is jusr Rs. 10,000/-

Better transact through bank, why to withdraw from bank and pay?

ITO will not accept all these....

IF YOU INCURE ANY EXPENSES WHICH EXCEEDS 10000 PER DAY...THAN IT WILL BE DISSALLOWED U/S 40A(3).....YOU CAN NOT MAKE PAYMENT IN CASH....EXCEPT AS PROVIDED IN RULE 6D OF INCOME TAX RULES, 1962
I know per person per day 10,000 cash paid limit for a Buyer , worker and etc But I tell you Mr.A Prop. Ship and 15 different bank account per year all accounts cash withdrawals sum total is 12,00,000 12,00,000-10,00,000=2,00,000 How many percentage cash withdrawals tax Collecte is the bank ya Central government not a deside this matter is under progress


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details