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Reg: Cash Withdrawal limit in Current A/c

Yuvaraj G (Student) (42 Points)

10 October 2018

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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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160984 Points)
Replied 10 October 2018

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.

Yuvaraj G (Student) (42 Points)
Replied 10 October 2018

Dear Sir

Thank you so much for your valuable reply.

Regards

Sir Iyerji (Online marketing) (61 Points)
Replied 15 October 2018

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.