Cash transaction limit on bank withdrawal u/s 269ST-CBDT Notification exempting cash withdrawal from bank from restriction imposed u/s 269STÂ
TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
New Delhi, the 5th April, 2017
NOTIFICATION
S.O. 1057(E).- In exercise of the powers conferred by clause (iii) of the proviso to section 269ST of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that the provision of section 269ST shall not apply to receipt by any person from an entity referred to in sub-clause (b) of clause (i) of the proviso to section 269ST.
2. The notification shall be deemed to have come into force with effect from 1st day of April, 2017.
[Notification No.28/2017, F.No.370142/10/2017-TPL
(Dr. T.S. Mapwal)
Under Secretary to the Government of IndiaÂ
- Shagun money received on occasion of marriage not taxable income – ITAT
- There is no statutory requirement to maintain cash book for salaried individual – ITAT
- Foreign Exchange Management (Authorised Persons) Regulations, 2026 notified
- Increased exemption limit of Rs. 25 lakhs for Leave Encashment is retrospective – ITAT
- Relief u/s 89(1) available even if arrears received on Voluntary Retirement
