Transaction related
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 August 2016
My account is in PNB bank and the type of account is Current account. I want to do the money transfer to other account as I have my shop. I want to know the monthly as well as the yearly limit for transaction and if the limit crossed then how to pay taxes .
26 August 2016
Dear User,
In current account there is no limit on transfer. Only cash transactions are allowed upto a limit of 50 lacs for income tax purposes
so don't worry and do your business well
kindly like if my response has helped you
Message likes :
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Querist : Anonymous
Querist :
Anonymous
(Querist)
26 August 2016
If the transactions limit is over 50 lacs then how to pay taxes, and what amount should i pay ?
26 August 2016
Dear User,
still there is no tax but details will be send via AIR by bank
so u dont worry and do your business
kindly like if my response has helped you
Message likes :
1 times
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