Sec.269st applicable when current account self withdrowl

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dileep

dileep (Querist)
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05 April 2017 Dear Sir i

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

CA MANISH SAXENA

CA MANISH SAXENA (Expert)
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05 April 2017 Hi Dileep,

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

CA Gopal Somani

CA Gopal Somani (Expert)
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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

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CA MANISH SAXENA

CA MANISH SAXENA (Expert)
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06 April 2017 Hi,
Yes, Press Release was issued by EOD on 5th Apr 2017.
Now I agree with Mr.Gopal.

Thanks

CA Gopal Somani

CA Gopal Somani (Expert)
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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.