For marriages old bank note withdrawal limit Rs 250000 after giving proof. Cash limit of Rs. 2,50,000/- will apply separately to girl’s and boys family
The Government in a press conference has announced further measures to provide relief to general people in view of problems of cash crunch faced by them.
While encouraging families to incur wedding expenses through cheques or digital means, it has been decided to permit families celebrating weddings to draw up to Rs. 2,50,000/- in cash from their own bank accounts. These accounts have to be necessarily KYC compliant.
The amounts can be drawn only by either of the parents or the person getting married. Only one of them will be permitted to draw this amount.
This limit of Rs. 2,50,000/- will apply separately to the girl’s family and the boy’s family.
The person drawing such amount has to furnish the PAN details. Further, a self-declaration will have to be submitted by the person to the effect that only one person from his/her family is drawing the amount.
It is expected that members of the public will fully cooperate to ensure that the above guidelines are adhered to. Any misuse of this facility will invite appropriate action based on the self-declaration and other details
Other reliefs Click Here >>
Addition deleted as assessee was only a carrier of cash and the real owner had come forward owning the cash…
Lokayukta Police not an ‘intelligence and security’ organisation and hence not exempt from disclosure of information under RTI Act 2005…
Payment of imprest whether a transfer within the meaning of section 269ST – case remanded for determination In a recent…
CA Misconduct – Appellate order quashed as final judgment was not passed by same members who heard arguments. In a…
Deceased homemaker can not be considered as dependant for award of compensation under MV Act. Courts to award a composite…
CIT Revision notice u/s 263 quashed as the Assessing Officer rightly taken DVO value of property sold as actual sale…