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Income Tax - Highlights / Catch Notes

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The restriction on cash transaction (an amount of two lakh ...


Cash Withdrawal Exemption: Transactions Over Rs. 2 Lakh from Banks or Post Offices Not Restricted by Income-tax Act Sections 269ST, 271DA.

April 6, 2017

News     Income Tax

The restriction on cash transaction (an amount of two lakh rupees or more) shall not apply to withdrawal of cash from a bank, co-operative bank or a post office savings bank - Sections 269ST & 271DA to the Income-tax Act.

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