Sec.269st applicable when current account self withdrowl

This query is : Resolved 

05 April 2017 Dear Sir i

It will attract on Sec.269 ST When the self withdrawal in Our company Current Account

05 April 2017 Hi Dileep,

Yes section will apply on WITHDRAWAL.
Thanks
May connect me on manish.saxena@icai.org

06 April 2017 No, It will not be applicable. A Press release has been issued by CBDT.

Cash withdrawal from bank is not included under 269ST Below is the link http://www.incometaxindia.gov.in/Lists/Press%20Releases/Attachments/610/Press-Release-on-promoting-Digital-Economy-5-4-2017.pdf


06 April 2017 Hi,
Yes, Press Release was issued by EOD on 5th Apr 2017.
Now I agree with Mr.Gopal.

Thanks

06 April 2017 Yes, there was too much confusion around it earlier so it was better to advice against more than 2 lakh withdrawal. Now after this press release everything's clear.



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