Dear sir/Madam
As per companies act or Income tax act what is the maximum withdrawal limit of Current account.
Regards
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Reg: Cash Withdrawal limit in Current A/c
Replies (4)
There is no restriction over any such cash withdrawals, but aggregate transactions over 50 lakhs in any current account must be declared by bank to ITD.
Dear Sir
Thank you so much for your valuable reply.
Regards
| Originally posted by : Dhirajlal Rambhia | ||
 |
There is no restriction over any such cash withdrawals, but aggregate transactions over 50 lakhs in any current account must be declared by bank to ITD. |  |
what is the similar threshhold in SB account for the bank to declare to ITD?
Rs. 50,000/- Per Day
& Rs. 10 Lakhs Per Annum ......
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