section 269st


ipcc student

is section is appicable on cash withdrawl from bank too...
 
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KVO Merau Kutchh

NO. Not from own account.....

 
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ipcc student

but section didn't provide any clarification...
 
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KVO Merau Kutchh

CBDT vide Notification No. 28/2017 dated 05-04-2017 clarified that the Sec. 269ST will not apply to withdrawal of cash from banks, co-operative banks or post office savings banks.

 

NOTIFICATION  [Notification No.28/2017]

S.O. 1057(E).-

In exercise of the powers conferred by clause (iii) of the proviso to section 269ST of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that the provision of section 269ST shall not apply to receipt by any person from an entity referred to in sub-clause (b) of clause (i) of the proviso to section 269ST.

2. The notification shall be deemed to have come into force with effect from 1st day of April, 2017.
 


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"Do the Right Thing...!!!"

(but section didn't provide any clarification...)
that's why it's not applicable for own account as per expert Mr. Dhirajlal Rambhia Sir...

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ipcc student

ok... thanks

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KVO Merau Kutchh

An original artist is unable to copy. So he has only to copy in order to be original.

 ---- ---- ---- Jean Cocteau

 
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"Do the Right Thing...!!!"

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